This property looks like a bad Mid-Term investment with a projected -11.72% first-year return on $218k initial cash invested.
-11.72%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$7,606
Rent
-$2,133
Cashflow
Cash Flow
$7,606 income − $9,739 expenses = $2,133 out of pocket
Investment Breakdown
|
Purchase Price
$954k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$191k
Closing costs
1%
$9,542
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,606
Total Expenses
$9,739
Mortgage P&I
67%
$5,119
Property Taxes
13%
$992
Home Insurance
8%
$590
HOA
6%
$452
Property Management
12%
$913
CapEx
4%
$304
Vacancy
3%
$228
Maintenance
4%
$304
Other
11%
$837