This property looks like a bad Mid-Term investment with a projected -6.14% first-year return on $221k initial cash invested.
-6.14%
Cash On Cash
5.15%
Cap Rate
0.83
DSCR
$7,350
Rent
-$1,131
Cashflow
Cash Flow
$7,350 income − $8,481 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$966k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,661
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,350
Total Expenses
$8,481
Mortgage P&I
68%
$4,985
Property Taxes
9%
$655
Home Insurance
5%
$343
HOA
0%
$0
Property Management
12%
$882
CapEx
4%
$294
Vacancy
3%
$220
Maintenance
4%
$294
Other
11%
$808