This property looks like a bad Mid-Term investment with a projected -13.76% first-year return on $212k initial cash invested.
-13.76%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$5,985
Rent
-$2,436
Cashflow
Cash Flow
$5,985 income − $8,421 expenses = $2,436 out of pocket
Investment Breakdown
|
Purchase Price
$926k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,260
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,985
Total Expenses
$8,421
Mortgage P&I
84%
$5,028
Property Taxes
12%
$746
Home Insurance
6%
$329
HOA
5%
$284
Property Management
12%
$718
CapEx
4%
$239
Vacancy
3%
$180
Maintenance
4%
$239
Other
11%
$658