This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $226k initial cash invested.
-1.13%
Cash On Cash
6.32%
Cap Rate
1.02
DSCR
$8,242
Rent
-$214
Cashflow
Cash Flow
$8,242 income − $8,456 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$992k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,924
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,242
Total Expenses
$8,456
Mortgage P&I
62%
$5,114
Property Taxes
2%
$129
Home Insurance
5%
$410
HOA
0%
$0
Property Management
12%
$989
CapEx
4%
$330
Vacancy
3%
$247
Maintenance
4%
$330
Other
11%
$907