This property looks like a bad Mid-Term investment with a projected -17.55% first-year return on $214k initial cash invested.
-17.55%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$4,790
Rent
-$3,124
Cashflow
Cash Flow
$4,790 income − $7,914 expenses = $3,124 out of pocket
Investment Breakdown
|
Purchase Price
$931k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$186k
Closing costs
1%
$9,314
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,790
Total Expenses
$7,914
Mortgage P&I
104%
$4,981
Property Taxes
20%
$971
Home Insurance
7%
$332
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527