This property looks like a bad Mid-Term investment with a projected -7.12% first-year return on $209k initial cash invested.
-7.12%
Cash On Cash
5.14%
Cap Rate
0.81
DSCR
$7,826
Rent
-$1,240
Cashflow
Cash Flow
$7,826 income − $9,066 expenses = $1,240 out of pocket
Investment Breakdown
|
Purchase Price
$909k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$182k
Closing costs
1%
$9,092
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,826
Total Expenses
$9,066
Mortgage P&I
62%
$4,822
Property Taxes
16%
$1,265
Home Insurance
4%
$318
HOA
0%
$0
Property Management
12%
$939
CapEx
4%
$313
Vacancy
3%
$235
Maintenance
4%
$313
Other
11%
$861