This property looks like a bad Mid-Term investment with a projected -20.7% first-year return on $218k initial cash invested.
-20.7%
Cash On Cash
1.98%
Cap Rate
0.3
DSCR
$3,638
Rent
-$3,756
Cashflow
Cash Flow
$3,638 income − $7,394 expenses = $3,756 out of pocket
Investment Breakdown
|
Purchase Price
$951k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,512
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,638
Total Expenses
$7,394
Mortgage P&I
142%
$5,180
Property Taxes
17%
$628
Home Insurance
10%
$348
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400