This property looks like a bad Mid-Term investment with a projected -22.6% first-year return on $212k initial cash invested.
-22.6%
Cash On Cash
1.33%
Cap Rate
0.21
DSCR
$3,000
Rent
-$3,997
Cashflow
Cash Flow
$3,000 income − $6,997 expenses = $3,997 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,247
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,000
Total Expenses
$6,997
Mortgage P&I
163%
$4,900
Property Taxes
25%
$741
Home Insurance
11%
$336
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330