This property looks like a bad Mid-Term investment with a projected -18.97% first-year return on $218k initial cash invested.
-18.97%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$4,305
Rent
-$3,439
Cashflow
Cash Flow
$4,305 income − $7,744 expenses = $3,439 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,305
Total Expenses
$7,744
Mortgage P&I
120%
$5,179
Property Taxes
18%
$769
Home Insurance
8%
$332
HOA
0%
$0
Property Management
12%
$517
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$474