This property looks like a bad Mid-Term investment with a projected -12.33% first-year return on $211k initial cash invested.
-12.33%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$4,700
Rent
-$2,165
Cashflow
Cash Flow
$4,700 income − $6,865 expenses = $2,165 out of pocket
Investment Breakdown
|
Purchase Price
$917k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$183k
Closing costs
1%
$9,174
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,700
Total Expenses
$6,865
Mortgage P&I
104%
$4,910
Property Taxes
1%
$60
Home Insurance
6%
$297
HOA
0%
$0
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517