This property looks like a bad Mid-Term investment with a projected -4.78% first-year return on $216k initial cash invested.
-4.78%
Cash On Cash
5.42%
Cap Rate
0.89
DSCR
$8,524
Rent
-$863
Cashflow
Cash Flow
$8,524 income − $9,387 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$189k
Closing costs
1%
$9,452
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,524
Total Expenses
$9,387
Mortgage P&I
56%
$4,795
Property Taxes
16%
$1,380
Home Insurance
4%
$313
HOA
0%
$0
Property Management
12%
$1,023
CapEx
4%
$341
Vacancy
3%
$256
Maintenance
4%
$341
Other
11%
$938