This property looks like a bad Mid-Term investment with a projected -13.2% first-year return on $221k initial cash invested.
-13.2%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$5,928
Rent
-$2,434
Cashflow
Cash Flow
$5,928 income − $8,362 expenses = $2,434 out of pocket
Investment Breakdown
|
Purchase Price
$968k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$194k
Closing costs
1%
$9,682
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,928
Total Expenses
$8,362
Mortgage P&I
88%
$5,230
Property Taxes
14%
$802
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$711
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$652