This property looks like a bad Mid-Term investment with a projected -10.9% first-year return on $219k initial cash invested.
-10.9%
Cash On Cash
4.52%
Cap Rate
0.68
DSCR
$6,825
Rent
-$1,991
Cashflow
Cash Flow
$6,825 income − $8,816 expenses = $1,991 out of pocket
Investment Breakdown
|
Purchase Price
$958k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$192k
Closing costs
1%
$9,584
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,825
Total Expenses
$8,816
Mortgage P&I
78%
$5,324
Property Taxes
13%
$898
Home Insurance
4%
$273
HOA
0%
$0
Property Management
12%
$819
CapEx
4%
$273
Vacancy
3%
$205
Maintenance
4%
$273
Other
11%
$751