This property looks like a bad Mid-Term investment with a projected -15.71% first-year return on $215k initial cash invested.
-15.71%
Cash On Cash
2.88%
Cap Rate
0.46
DSCR
$4,254
Rent
-$2,809
Cashflow
Cash Flow
$4,254 income − $7,063 expenses = $2,809 out of pocket
Investment Breakdown
|
Purchase Price
$936k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$187k
Closing costs
1%
$9,361
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,254
Total Expenses
$7,063
Mortgage P&I
115%
$4,888
Property Taxes
9%
$384
Home Insurance
8%
$345
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468