This property looks like a bad Mid-Term investment with a projected -11.03% first-year return on $214k initial cash invested.
-11.03%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$6,650
Rent
-$1,969
Cashflow
Cash Flow
$6,650 income − $8,619 expenses = $1,969 out of pocket
Investment Breakdown
|
Purchase Price
$934k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,341
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,650
Total Expenses
$8,619
Mortgage P&I
77%
$5,098
Property Taxes
14%
$918
Home Insurance
5%
$341
HOA
0%
$0
Property Management
12%
$798
CapEx
4%
$266
Vacancy
3%
$200
Maintenance
4%
$266
Other
11%
$732