This property looks like a bad Mid-Term investment with a projected -10.86% first-year return on $217k initial cash invested.
-10.86%
Cash On Cash
3.8%
Cap Rate
0.63
DSCR
$5,794
Rent
-$1,962
Cashflow
Cash Flow
$5,794 income − $7,756 expenses = $1,962 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,462
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,794
Total Expenses
$7,756
Mortgage P&I
82%
$4,729
Property Taxes
7%
$396
Home Insurance
6%
$336
HOA
6%
$325
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637