This property looks like a bad Mid-Term investment with a projected -18.06% first-year return on $219k initial cash invested.
-18.06%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$4,119
Rent
-$3,303
Cashflow
Cash Flow
$4,119 income − $7,422 expenses = $3,303 out of pocket
Investment Breakdown
|
Purchase Price
$959k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$192k
Closing costs
1%
$9,592
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,119
Total Expenses
$7,422
Mortgage P&I
116%
$4,781
Property Taxes
22%
$890
Home Insurance
9%
$350
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453