This property looks like a bad Mid-Term investment with a projected -13.79% first-year return on $217k initial cash invested.
-13.79%
Cash On Cash
3.23%
Cap Rate
0.53
DSCR
$5,348
Rent
-$2,494
Cashflow
Cash Flow
$5,348 income − $7,842 expenses = $2,494 out of pocket
Investment Breakdown
|
Purchase Price
$948k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,476
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,348
Total Expenses
$7,842
Mortgage P&I
90%
$4,832
Property Taxes
16%
$849
Home Insurance
6%
$343
HOA
0%
$0
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588