This property looks like a bad Mid-Term investment with a projected -16.09% first-year return on $212k initial cash invested.
-16.09%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$4,683
Rent
-$2,846
Cashflow
Cash Flow
$4,683 income − $7,529 expenses = $2,846 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,683
Total Expenses
$7,529
Mortgage P&I
109%
$5,110
Property Taxes
11%
$504
Home Insurance
7%
$324
HOA
0%
$0
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515