This property looks like a bad Mid-Term investment with a projected -8.22% first-year return on $219k initial cash invested.
-8.22%
Cash On Cash
4.57%
Cap Rate
0.75
DSCR
$7,162
Rent
-$1,501
Cashflow
Cash Flow
$7,162 income − $8,663 expenses = $1,501 out of pocket
Investment Breakdown
|
Purchase Price
$958k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$192k
Closing costs
1%
$9,578
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,162
Total Expenses
$8,663
Mortgage P&I
68%
$4,866
Property Taxes
15%
$1,097
Home Insurance
4%
$266
HOA
0%
$0
Property Management
12%
$859
CapEx
4%
$286
Vacancy
3%
$215
Maintenance
4%
$286
Other
11%
$788