This property looks like a bad Mid-Term investment with a projected -12.2% first-year return on $211k initial cash invested.
-12.2%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$6,142
Rent
-$2,146
Cashflow
Cash Flow
$6,142 income − $8,288 expenses = $2,146 out of pocket
Investment Breakdown
|
Purchase Price
$919k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,191
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,142
Total Expenses
$8,288
Mortgage P&I
81%
$5,004
Property Taxes
14%
$871
Home Insurance
5%
$324
HOA
0%
$0
Property Management
12%
$737
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$676