This property looks like a bad Mid-Term investment with a projected -18.62% first-year return on $219k initial cash invested.
-18.62%
Cash On Cash
2.37%
Cap Rate
0.37
DSCR
$3,622
Rent
-$3,405
Cashflow
Cash Flow
$3,622 income − $7,027 expenses = $3,405 out of pocket
Investment Breakdown
|
Purchase Price
$959k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$192k
Closing costs
1%
$9,591
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,622
Total Expenses
$7,027
Mortgage P&I
142%
$5,154
Property Taxes
8%
$291
Home Insurance
10%
$350
HOA
0%
$0
Property Management
12%
$435
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398