This property looks like a bad Mid-Term investment with a projected -11.92% first-year return on $211k initial cash invested.
-11.92%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$6,171
Rent
-$2,094
Cashflow
Cash Flow
$6,171 income − $8,265 expenses = $2,094 out of pocket
Investment Breakdown
|
Purchase Price
$918k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,181
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,171
Total Expenses
$8,265
Mortgage P&I
79%
$4,874
Property Taxes
15%
$951
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$741
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$679