This property looks like a bad Mid-Term investment with a projected -15.22% first-year return on $217k initial cash invested.
-15.22%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$5,619
Rent
-$2,748
Cashflow
Cash Flow
$5,619 income − $8,367 expenses = $2,748 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,457
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,619
Total Expenses
$8,367
Mortgage P&I
90%
$5,064
Property Taxes
18%
$1,007
Home Insurance
7%
$385
HOA
0%
$0
Property Management
12%
$674
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618