This property looks like a bad Mid-Term investment with a projected -12.77% first-year return on $214k initial cash invested.
-12.77%
Cash On Cash
3.66%
Cap Rate
0.58
DSCR
$5,163
Rent
-$2,277
Cashflow
Cash Flow
$5,163 income − $7,440 expenses = $2,277 out of pocket
Investment Breakdown
|
Purchase Price
$933k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,329
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,163
Total Expenses
$7,440
Mortgage P&I
95%
$4,918
Property Taxes
8%
$424
Home Insurance
7%
$341
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568