This property looks like a bad Mid-Term investment with a projected -14.47% first-year return on $214k initial cash invested.
-14.47%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$5,580
Rent
-$2,585
Cashflow
Cash Flow
$5,580 income − $8,165 expenses = $2,585 out of pocket
Investment Breakdown
|
Purchase Price
$935k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,349
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,580
Total Expenses
$8,165
Mortgage P&I
90%
$5,033
Property Taxes
15%
$846
Home Insurance
5%
$306
HOA
1%
$83
Property Management
12%
$670
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$614