This property looks like a bad Mid-Term investment with a projected -14.36% first-year return on $214k initial cash invested.
-14.36%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$4,324
Rent
-$2,566
Cashflow
Cash Flow
$4,324 income − $6,890 expenses = $2,566 out of pocket
Investment Breakdown
|
Purchase Price
$936k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,356
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,324
Total Expenses
$6,890
Mortgage P&I
111%
$4,779
Property Taxes
7%
$290
Home Insurance
8%
$350
HOA
0%
$0
Property Management
12%
$519
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476