This property looks like a bad Mid-Term investment with a projected -13.45% first-year return on $218k initial cash invested.
-13.45%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$6,034
Rent
-$2,437
Cashflow
Cash Flow
$6,034 income − $8,471 expenses = $2,437 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.3%
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
$6,034
Total Expenses
$8,471
Mortgage P&I
86%
$5,201
Property Taxes
15%
$887
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$724
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$664