This property looks like a bad Mid-Term investment with a projected -11.58% first-year return on $215k initial cash invested.
-11.58%
Cash On Cash
3.92%
Cap Rate
0.62
DSCR
$5,482
Rent
-$2,077
Cashflow
Cash Flow
$5,482 income − $7,559 expenses = $2,077 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,391
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,482
Total Expenses
$7,559
Mortgage P&I
90%
$4,927
Property Taxes
8%
$423
Home Insurance
6%
$346
HOA
0%
$0
Property Management
12%
$658
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$603