This property looks like a bad Mid-Term investment with a projected -17.88% first-year return on $218k initial cash invested.
-17.88%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$5,040
Rent
-$3,251
Cashflow
Cash Flow
$5,040 income − $8,291 expenses = $3,251 out of pocket
Investment Breakdown
|
Purchase Price
$953k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$191k
Closing costs
1%
$9,531
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,040
Total Expenses
$8,291
Mortgage P&I
103%
$5,201
Property Taxes
14%
$711
Home Insurance
13%
$665
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$554