This property looks like a bad Mid-Term investment with a projected -12.44% first-year return on $218k initial cash invested.
-12.44%
Cash On Cash
3.5%
Cap Rate
0.58
DSCR
$5,157
Rent
-$2,254
Cashflow
Cash Flow
$5,157 income − $7,411 expenses = $2,254 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,157
Total Expenses
$7,411
Mortgage P&I
94%
$4,822
Property Taxes
10%
$504
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567