This property looks like a bad Mid-Term investment with a projected -14.45% first-year return on $217k initial cash invested.
-14.45%
Cash On Cash
3.18%
Cap Rate
0.51
DSCR
$4,676
Rent
-$2,617
Cashflow
Cash Flow
$4,676 income − $7,293 expenses = $2,617 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,676
Total Expenses
$7,293
Mortgage P&I
106%
$4,943
Property Taxes
9%
$429
Home Insurance
7%
$332
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514