This property looks like a bad Mid-Term investment with a projected -21.91% first-year return on $212k initial cash invested.
-21.91%
Cash On Cash
1.41%
Cap Rate
0.22
DSCR
$2,764
Rent
-$3,875
Cashflow
Cash Flow
$2,764 income − $6,639 expenses = $3,875 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,764
Total Expenses
$6,639
Mortgage P&I
175%
$4,848
Property Taxes
19%
$526
Home Insurance
12%
$324
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304