This property looks like a bad Mid-Term investment with a projected -16.14% first-year return on $218k initial cash invested.
-16.14%
Cash On Cash
3.11%
Cap Rate
0.48
DSCR
$5,266
Rent
-$2,925
Cashflow
Cash Flow
$5,266 income − $8,191 expenses = $2,925 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,266
Total Expenses
$8,191
Mortgage P&I
98%
$5,173
Property Taxes
17%
$895
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$632
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$579