This property looks like a bad Mid-Term investment with a projected -12.12% first-year return on $218k initial cash invested.
-12.12%
Cash On Cash
4.12%
Cap Rate
0.62
DSCR
$5,412
Rent
-$2,204
Cashflow
Cash Flow
$5,412 income − $7,616 expenses = $2,204 out of pocket
Investment Breakdown
|
Purchase Price
$953k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$191k
Closing costs
1%
$9,534
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,412
Total Expenses
$7,616
Mortgage P&I
97%
$5,259
Property Taxes
1%
$69
Home Insurance
8%
$450
HOA
0%
$0
Property Management
12%
$649
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$595