This property looks like a bad Mid-Term investment with a projected -6.49% first-year return on $214k initial cash invested.
-6.49%
Cash On Cash
5.3%
Cap Rate
0.83
DSCR
$7,854
Rent
-$1,159
Cashflow
Cash Flow
$7,854 income − $9,013 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$934k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,343
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,854
Total Expenses
$9,013
Mortgage P&I
63%
$4,973
Property Taxes
14%
$1,125
Home Insurance
3%
$245
HOA
0%
$0
Property Management
12%
$942
CapEx
4%
$314
Vacancy
3%
$236
Maintenance
4%
$314
Other
11%
$864