This property looks like a bad Mid-Term investment with a projected -13.67% first-year return on $221k initial cash invested.
-13.67%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$5,498
Rent
-$2,521
Cashflow
Cash Flow
$5,498 income − $8,019 expenses = $2,521 out of pocket
Investment Breakdown
|
Purchase Price
$968k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$194k
Closing costs
1%
$9,679
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,498
Total Expenses
$8,019
Mortgage P&I
96%
$5,259
Property Taxes
11%
$584
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$660
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$605