This property looks like a bad Mid-Term investment with a projected -10.7% first-year return on $216k initial cash invested.
-10.7%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$6,400
Rent
-$1,927
Cashflow
Cash Flow
$6,400 income − $8,327 expenses = $1,927 out of pocket
Investment Breakdown
|
Purchase Price
$943k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$189k
Closing costs
1%
$9,432
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,400
Total Expenses
$8,327
Mortgage P&I
81%
$5,193
Property Taxes
10%
$626
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$768
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$704