This property looks like a bad Mid-Term investment with a projected -13.97% first-year return on $213k initial cash invested.
-13.97%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$5,768
Rent
-$2,475
Cashflow
Cash Flow
$5,768 income − $8,243 expenses = $2,475 out of pocket
Investment Breakdown
|
Purchase Price
$926k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$185k
Closing costs
1%
$9,263
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,768
Total Expenses
$8,243
Mortgage P&I
87%
$5,010
Property Taxes
16%
$940
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$692
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$634