This property looks like a bad Mid-Term investment with a projected -13.24% first-year return on $215k initial cash invested.
-13.24%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$5,133
Rent
-$2,372
Cashflow
Cash Flow
$5,133 income − $7,505 expenses = $2,372 out of pocket
Investment Breakdown
|
Purchase Price
$938k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,380
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,133
Total Expenses
$7,505
Mortgage P&I
93%
$4,760
Property Taxes
13%
$672
Home Insurance
6%
$328
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565