This property looks like a bad Mid-Term investment with a projected -14.88% first-year return on $216k initial cash invested.
-14.88%
Cash On Cash
3.31%
Cap Rate
0.51
DSCR
$4,539
Rent
-$2,684
Cashflow
Cash Flow
$4,539 income − $7,223 expenses = $2,684 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$189k
Closing costs
1%
$9,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,539
Total Expenses
$7,223
Mortgage P&I
112%
$5,106
Property Taxes
5%
$242
Home Insurance
7%
$331
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499