This property looks like a bad Mid-Term investment with a projected -16.32% first-year return on $215k initial cash invested.
-16.32%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$6,982
Rent
-$2,931
Cashflow
Cash Flow
$6,982 income − $9,913 expenses = $2,931 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,404
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,982
Total Expenses
$9,913
Mortgage P&I
73%
$5,096
Property Taxes
13%
$902
Home Insurance
5%
$324
HOA
17%
$1,218
Property Management
12%
$838
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$768