This property looks like a bad Mid-Term investment with a projected -14.54% first-year return on $212k initial cash invested.
-14.54%
Cash On Cash
3.2%
Cap Rate
0.51
DSCR
$5,278
Rent
-$2,571
Cashflow
Cash Flow
$5,278 income − $7,849 expenses = $2,571 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
$5,278
Total Expenses
$7,849
Mortgage P&I
91%
$4,829
Property Taxes
17%
$902
Home Insurance
6%
$324
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$581