This property looks like a bad Mid-Term investment with a projected -12.4% first-year return on $211k initial cash invested.
-12.4%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$6,308
Rent
-$2,183
Cashflow
Cash Flow
$6,308 income − $8,491 expenses = $2,183 out of pocket
Investment Breakdown
|
Purchase Price
$921k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,206
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,308
Total Expenses
$8,491
Mortgage P&I
81%
$5,086
Property Taxes
13%
$831
Home Insurance
5%
$329
HOA
2%
$101
Property Management
12%
$757
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$694