This property looks like a bad Mid-Term investment with a projected -14.78% first-year return on $215k initial cash invested.
-14.78%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$5,606
Rent
-$2,653
Cashflow
Cash Flow
$5,606 income − $8,259 expenses = $2,653 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%
$9,401
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,606
Total Expenses
$8,259
Mortgage P&I
91%
$5,119
Property Taxes
16%
$910
Home Insurance
6%
$324
HOA
0%
$0
Property Management
12%
$673
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$617