This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $212k initial cash invested.
-11.25%
Cash On Cash
4.18%
Cap Rate
0.65
DSCR
$6,358
Rent
-$1,984
Cashflow
Cash Flow
$6,358 income − $8,342 expenses = $1,984 out of pocket
Investment Breakdown
|
Purchase Price
$922k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$184k
Closing costs
1%
$9,222
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,358
Total Expenses
$8,342
Mortgage P&I
78%
$4,939
Property Taxes
14%
$910
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$763
CapEx
4%
$254
Vacancy
3%
$191
Maintenance
4%
$254
Other
11%
$699