This property looks like a bad Mid-Term investment with a projected -11.38% first-year return on $213k initial cash invested.
-11.38%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$6,471
Rent
-$2,019
Cashflow
Cash Flow
$6,471 income − $8,490 expenses = $2,019 out of pocket
Investment Breakdown
|
Purchase Price
$928k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$186k
Closing costs
1%
$9,284
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,471
Total Expenses
$8,490
Mortgage P&I
78%
$5,055
Property Taxes
14%
$910
Home Insurance
5%
$324
HOA
0%
$0
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$712