This property looks like a bad Mid-Term investment with a projected -12.46% first-year return on $217k initial cash invested.
-12.46%
Cash On Cash
4.2%
Cap Rate
0.62
DSCR
$5,244
Rent
-$2,255
Cashflow
Cash Flow
$5,244 income − $7,499 expenses = $2,255 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,486
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,244
Total Expenses
$7,499
Mortgage P&I
102%
$5,362
Property Taxes
0%
$8
Home Insurance
7%
$346
HOA
0%
$0
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577