This property looks like a bad Mid-Term investment with a projected -11.22% first-year return on $217k initial cash invested.
-11.22%
Cash On Cash
3.81%
Cap Rate
0.63
DSCR
$6,232
Rent
-$2,033
Cashflow
Cash Flow
$6,232 income − $8,265 expenses = $2,033 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,232
Total Expenses
$8,265
Mortgage P&I
77%
$4,797
Property Taxes
13%
$800
Home Insurance
5%
$332
HOA
3%
$217
Property Management
12%
$748
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$686