This property looks like a bad Mid-Term investment with a projected -12.52% first-year return on $221k initial cash invested.
-12.52%
Cash On Cash
3.83%
Cap Rate
0.6
DSCR
$5,170
Rent
-$2,310
Cashflow
Cash Flow
$5,170 income − $7,480 expenses = $2,310 out of pocket
Investment Breakdown
|
Purchase Price
$969k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$194k
Closing costs
1%
$9,690
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,170
Total Expenses
$7,480
Mortgage P&I
100%
$5,194
Property Taxes
4%
$189
Home Insurance
7%
$339
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569