This property looks like a bad Mid-Term investment with a projected -11.35% first-year return on $213k initial cash invested.
-11.35%
Cash On Cash
3.94%
Cap Rate
0.63
DSCR
$5,770
Rent
-$2,016
Cashflow
Cash Flow
$5,770 income − $7,786 expenses = $2,016 out of pocket
Investment Breakdown
|
Purchase Price
$929k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$186k
Closing costs
1%
$9,290
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,770
Total Expenses
$7,786
Mortgage P&I
84%
$4,833
Property Taxes
12%
$666
Home Insurance
6%
$325
HOA
0%
$0
Property Management
12%
$692
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$635