This property looks like a bad Mid-Term investment with a projected -14.81% first-year return on $212k initial cash invested.
-14.81%
Cash On Cash
3.14%
Cap Rate
0.5
DSCR
$4,515
Rent
-$2,619
Cashflow
Cash Flow
$4,515 income − $7,134 expenses = $2,619 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,515
Total Expenses
$7,134
Mortgage P&I
108%
$4,860
Property Taxes
8%
$351
Home Insurance
7%
$324
HOA
1%
$63
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$135
Maintenance
4%
$181
Other
11%
$497