This property looks like a bad Mid-Term investment with a projected -12.74% first-year return on $222k initial cash invested.
-12.74%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$6,726
Rent
-$2,357
Cashflow
Cash Flow
$6,726 income − $9,083 expenses = $2,357 out of pocket
Investment Breakdown
|
Purchase Price
$971k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$194k
Closing costs
1%
$9,714
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,726
Total Expenses
$9,083
Mortgage P&I
79%
$5,316
Property Taxes
16%
$1,060
Home Insurance
6%
$420
HOA
0%
$0
Property Management
12%
$807
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$740