This property looks like a bad Mid-Term investment with a projected -12.12% first-year return on $221k initial cash invested.
-12.12%
Cash On Cash
3.98%
Cap Rate
0.62
DSCR
$6,412
Rent
-$2,229
Cashflow
Cash Flow
$6,412 income − $8,641 expenses = $2,229 out of pocket
Investment Breakdown
|
Purchase Price
$965k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,650
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,412
Total Expenses
$8,641
Mortgage P&I
81%
$5,176
Property Taxes
15%
$949
Home Insurance
5%
$338
HOA
0%
$0
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705