This property looks like a bad Mid-Term investment with a projected -9.51% first-year return on $217k initial cash invested.
-9.51%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$7,076
Rent
-$1,717
Cashflow
Cash Flow
$7,076 income − $8,793 expenses = $1,717 out of pocket
Investment Breakdown
|
Purchase Price
$947k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,465
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,076
Total Expenses
$8,793
Mortgage P&I
68%
$4,822
Property Taxes
13%
$942
Home Insurance
5%
$339
HOA
4%
$285
Property Management
12%
$849
CapEx
4%
$283
Vacancy
3%
$212
Maintenance
4%
$283
Other
11%
$778