This property looks like a bad Mid-Term investment with a projected -12.18% first-year return on $216k initial cash invested.
-12.18%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$6,184
Rent
-$2,189
Cashflow
Cash Flow
$6,184 income − $8,373 expenses = $2,189 out of pocket
Investment Breakdown
|
Purchase Price
$942k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$188k
Closing costs
1%
$9,416
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,184
Total Expenses
$8,373
Mortgage P&I
84%
$5,180
Property Taxes
12%
$755
Home Insurance
5%
$336
HOA
0%
$0
Property Management
12%
$742
CapEx
4%
$247
Vacancy
3%
$186
Maintenance
4%
$247
Other
11%
$680