This property looks like a bad Mid-Term investment with a projected -14.27% first-year return on $221k initial cash invested.
-14.27%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$4,958
Rent
-$2,629
Cashflow
Cash Flow
$4,958 income − $7,587 expenses = $2,629 out of pocket
Investment Breakdown
|
Purchase Price
$967k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,667
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,958
Total Expenses
$7,587
Mortgage P&I
107%
$5,288
Property Taxes
5%
$264
Home Insurance
7%
$350
HOA
0%
$0
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545