This property looks like a bad Mid-Term investment with a projected -17.72% first-year return on $218k initial cash invested.
-17.72%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$3,926
Rent
-$3,216
Cashflow
Cash Flow
$3,926 income − $7,142 expenses = $3,216 out of pocket
Investment Breakdown
|
Purchase Price
$951k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,511
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,926
Total Expenses
$7,142
Mortgage P&I
133%
$5,202
Property Taxes
7%
$259
Home Insurance
9%
$346
HOA
0%
$0
Property Management
12%
$471
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432