This property looks like a bad Mid-Term investment with a projected -18.21% first-year return on $213k initial cash invested.
-18.21%
Cash On Cash
1.99%
Cap Rate
0.33
DSCR
$3,142
Rent
-$3,234
Cashflow
Cash Flow
$3,142 income − $6,376 expenses = $3,234 out of pocket
Investment Breakdown
|
Purchase Price
$929k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$186k
Closing costs
1%
$9,290
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,142
Total Expenses
$6,376
Mortgage P&I
148%
$4,647
Property Taxes
11%
$335
Home Insurance
10%
$325
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$346