This property looks like a bad Mid-Term investment with a projected -17.02% first-year return on $221k initial cash invested.
-17.02%
Cash On Cash
2.86%
Cap Rate
0.44
DSCR
$5,416
Rent
-$3,139
Cashflow
Cash Flow
$5,416 income − $8,555 expenses = $3,139 out of pocket
Investment Breakdown
|
Purchase Price
$968k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$194k
Closing costs
1%
$9,684
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,416
Total Expenses
$8,555
Mortgage P&I
97%
$5,231
Property Taxes
15%
$829
Home Insurance
6%
$298
HOA
7%
$355
Property Management
12%
$650
CapEx
4%
$217
Vacancy
3%
$162
Maintenance
4%
$217
Other
11%
$596