This property looks like a bad Mid-Term investment with a projected -13.43% first-year return on $217k initial cash invested.
-13.43%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$5,854
Rent
-$2,432
Cashflow
Cash Flow
$5,854 income − $8,286 expenses = $2,432 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,854
Total Expenses
$8,286
Mortgage P&I
86%
$5,039
Property Taxes
16%
$925
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644