This property looks like a bad Mid-Term investment with a projected -12.11% first-year return on $217k initial cash invested.
-12.11%
Cash On Cash
3.55%
Cap Rate
0.59
DSCR
$6,330
Rent
-$2,193
Cashflow
Cash Flow
$6,330 income − $8,523 expenses = $2,193 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,492
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,330
Total Expenses
$8,523
Mortgage P&I
75%
$4,748
Property Taxes
18%
$1,130
Home Insurance
5%
$345
HOA
2%
$148
Property Management
12%
$760
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$696