This property looks like a bad Mid-Term investment with a projected -19.44% first-year return on $212k initial cash invested.
-19.44%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$3,272
Rent
-$3,438
Cashflow
Cash Flow
$3,272 income − $6,710 expenses = $3,438 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,272
Total Expenses
$6,710
Mortgage P&I
143%
$4,681
Property Taxes
18%
$592
Home Insurance
10%
$324
HOA
0%
$0
Property Management
12%
$393
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$360