This property looks like a bad Mid-Term investment with a projected -14.47% first-year return on $214k initial cash invested.
-14.47%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$6,370
Rent
-$2,584
Cashflow
Cash Flow
$6,370 income − $8,954 expenses = $2,584 out of pocket
Investment Breakdown
|
Purchase Price
$935k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,348
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,370
Total Expenses
$8,954
Mortgage P&I
79%
$5,006
Property Taxes
13%
$830
Home Insurance
5%
$329
HOA
10%
$623
Property Management
12%
$764
CapEx
4%
$255
Vacancy
3%
$191
Maintenance
4%
$255
Other
11%
$701