This property looks like a bad Mid-Term investment with a projected -19.73% first-year return on $217k initial cash invested.
-19.73%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$3,584
Rent
-$3,572
Cashflow
Cash Flow
$3,584 income − $7,156 expenses = $3,572 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,584
Total Expenses
$7,156
Mortgage P&I
143%
$5,132
Property Taxes
13%
$474
Home Insurance
9%
$332
HOA
0%
$0
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$108
Maintenance
4%
$143
Other
11%
$394