This property looks like a bad Mid-Term investment with a projected -13% first-year return on $217k initial cash invested.
-13%
Cash On Cash
4.02%
Cap Rate
0.6
DSCR
$5,592
Rent
-$2,351
Cashflow
Cash Flow
$5,592 income − $7,943 expenses = $2,351 out of pocket
Investment Breakdown
|
Purchase Price
$947k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,474
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,592
Total Expenses
$7,943
Mortgage P&I
95%
$5,299
Property Taxes
7%
$397
Home Insurance
6%
$345
HOA
0%
$0
Property Management
12%
$671
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$615