This property looks like a bad Mid-Term investment with a projected -15.97% first-year return on $218k initial cash invested.
-15.97%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$5,266
Rent
-$2,894
Cashflow
Cash Flow
$5,266 income − $8,160 expenses = $2,894 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,266
Total Expenses
$8,160
Mortgage P&I
99%
$5,201
Property Taxes
16%
$836
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$632
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$579