This property looks like a bad Mid-Term investment with a projected -15% first-year return on $215k initial cash invested.
-15%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$5,620
Rent
-$2,691
Cashflow
Cash Flow
$5,620 income − $8,311 expenses = $2,691 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,391
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,620
Total Expenses
$8,311
Mortgage P&I
91%
$5,102
Property Taxes
17%
$966
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$674
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618