This property looks like a bad Mid-Term investment with a projected -16.53% first-year return on $215k initial cash invested.
-16.53%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$5,622
Rent
-$2,960
Cashflow
Cash Flow
$5,622 income − $8,582 expenses = $2,960 out of pocket
Investment Breakdown
|
Purchase Price
$937k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$187k
Closing costs
1%
$9,374
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,622
Total Expenses
$8,582
Mortgage P&I
91%
$5,088
Property Taxes
20%
$1,145
Home Insurance
8%
$437
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618