This property looks like a bad Mid-Term investment with a projected -3.16% first-year return on $223k initial cash invested.
-3.16%
Cash On Cash
6.31%
Cap Rate
0.96
DSCR
$8,967
Rent
-$586
Cashflow
Cash Flow
$8,967 income − $9,553 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,967
Total Expenses
$9,553
Mortgage P&I
60%
$5,350
Property Taxes
9%
$813
Home Insurance
4%
$341
HOA
0%
$0
Property Management
12%
$1,076
CapEx
4%
$359
Vacancy
3%
$269
Maintenance
4%
$359
Other
11%
$986