This property looks like a bad Mid-Term investment with a projected -13.48% first-year return on $217k initial cash invested.
-13.48%
Cash On Cash
3.6%
Cap Rate
0.56
DSCR
$6,144
Rent
-$2,433
Cashflow
Cash Flow
$6,144 income − $8,577 expenses = $2,433 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,456
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,144
Total Expenses
$8,577
Mortgage P&I
82%
$5,021
Property Taxes
18%
$1,082
Home Insurance
6%
$385
HOA
0%
$0
Property Management
12%
$737
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$676