This property looks like a bad Mid-Term investment with a projected -21.73% first-year return on $217k initial cash invested.
-21.73%
Cash On Cash
1.52%
Cap Rate
0.24
DSCR
$4,371
Rent
-$3,938
Cashflow
Cash Flow
$4,371 income − $8,309 expenses = $3,938 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,371
Total Expenses
$8,309
Mortgage P&I
114%
$4,968
Property Taxes
35%
$1,522
Home Insurance
8%
$332
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481