This property looks like a bad Mid-Term investment with a projected -10.43% first-year return on $212k initial cash invested.
-10.43%
Cash On Cash
3.97%
Cap Rate
0.65
DSCR
$5,756
Rent
-$1,840
Cashflow
Cash Flow
$5,756 income − $7,596 expenses = $1,840 out of pocket
Investment Breakdown
|
Purchase Price
$922k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$184k
Closing costs
1%
$9,219
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,756
Total Expenses
$7,596
Mortgage P&I
81%
$4,661
Property Taxes
11%
$651
Home Insurance
6%
$327
HOA
0%
$0
Property Management
12%
$691
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633