This property looks like a bad Mid-Term investment with a projected -11.4% first-year return on $223k initial cash invested.
-11.4%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$6,804
Rent
-$2,122
Cashflow
Cash Flow
$6,804 income − $8,926 expenses = $2,122 out of pocket
Investment Breakdown
|
Purchase Price
$978k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$196k
Closing costs
1%
$9,782
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,804
Total Expenses
$8,926
Mortgage P&I
78%
$5,284
Property Taxes
14%
$962
Home Insurance
5%
$368
HOA
0%
$0
Property Management
12%
$816
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$748