This property looks like a bad Mid-Term investment with a projected -12.27% first-year return on $211k initial cash invested.
-12.27%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$6,000
Rent
-$2,160
Cashflow
Cash Flow
$6,000 income − $8,160 expenses = $2,160 out of pocket
Investment Breakdown
|
Purchase Price
$920k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,199
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,000
Total Expenses
$8,160
Mortgage P&I
82%
$4,901
Property Taxes
15%
$887
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$720
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$660