This property looks like a bad Mid-Term investment with a projected -12.33% first-year return on $218k initial cash invested.
-12.33%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$4,978
Rent
-$2,234
Cashflow
Cash Flow
$4,978 income − $7,212 expenses = $2,234 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,978
Total Expenses
$7,212
Mortgage P&I
104%
$5,168
Property Taxes
0%
$20
Home Insurance
7%
$332
HOA
0%
$0
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$548