This property looks like a bad Mid-Term investment with a projected -10.09% first-year return on $215k initial cash invested.
-10.09%
Cash On Cash
4.55%
Cap Rate
0.7
DSCR
$6,734
Rent
-$1,811
Cashflow
Cash Flow
$6,734 income − $8,545 expenses = $1,811 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,398
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,734
Total Expenses
$8,545
Mortgage P&I
76%
$5,103
Property Taxes
12%
$826
Home Insurance
5%
$327
HOA
0%
$0
Property Management
12%
$808
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$741