This property looks like a bad Mid-Term investment with a projected -19.21% first-year return on $212k initial cash invested.
-19.21%
Cash On Cash
2.28%
Cap Rate
0.35
DSCR
$4,194
Rent
-$3,397
Cashflow
Cash Flow
$4,194 income − $7,591 expenses = $3,397 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,194
Total Expenses
$7,591
Mortgage P&I
119%
$4,985
Property Taxes
20%
$856
Home Insurance
8%
$324
HOA
0%
$0
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461