This property looks like a bad Mid-Term investment with a projected -18.86% first-year return on $215k initial cash invested.
-18.86%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$5,232
Rent
-$3,381
Cashflow
Cash Flow
$5,232 income − $8,613 expenses = $3,381 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,389
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,232
Total Expenses
$8,613
Mortgage P&I
98%
$5,136
Property Taxes
24%
$1,260
Home Insurance
8%
$438
HOA
0%
$0
Property Management
12%
$628
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$576