This property looks like a bad Mid-Term investment with a projected -12.49% first-year return on $214k initial cash invested.
-12.49%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$6,477
Rent
-$2,223
Cashflow
Cash Flow
$6,477 income − $8,700 expenses = $2,223 out of pocket
Investment Breakdown
|
Purchase Price
$932k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$186k
Closing costs
1%
$9,316
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,477
Total Expenses
$8,700
Mortgage P&I
78%
$5,032
Property Taxes
17%
$1,082
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$712