This property looks like a bad Mid-Term investment with a projected -17.05% first-year return on $212k initial cash invested.
-17.05%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$5,082
Rent
-$3,016
Cashflow
Cash Flow
$5,082 income − $8,098 expenses = $3,016 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,082
Total Expenses
$8,098
Mortgage P&I
100%
$5,087
Property Taxes
19%
$960
Home Insurance
6%
$324
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559