This property looks like a bad Mid-Term investment with a projected -16.55% first-year return on $217k initial cash invested.
-16.55%
Cash On Cash
2.93%
Cap Rate
0.45
DSCR
$4,980
Rent
-$2,997
Cashflow
Cash Flow
$4,980 income − $7,977 expenses = $2,997 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,980
Total Expenses
$7,977
Mortgage P&I
103%
$5,114
Property Taxes
17%
$838
Home Insurance
7%
$332
HOA
0%
$0
Property Management
12%
$598
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$548