This property looks like a bad Mid-Term investment with a projected -14.81% first-year return on $221k initial cash invested.
-14.81%
Cash On Cash
3.18%
Cap Rate
0.51
DSCR
$5,408
Rent
-$2,721
Cashflow
Cash Flow
$5,408 income − $8,129 expenses = $2,721 out of pocket
Investment Breakdown
|
Purchase Price
$964k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,643
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,408
Total Expenses
$8,129
Mortgage P&I
94%
$5,064
Property Taxes
17%
$905
Home Insurance
6%
$322
HOA
0%
$0
Property Management
12%
$649
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$595