This property looks like a bad Mid-Term investment with a projected -12.62% first-year return on $216k initial cash invested.
-12.62%
Cash On Cash
4.25%
Cap Rate
0.62
DSCR
$6,369
Rent
-$2,273
Cashflow
Cash Flow
$6,369 income − $8,642 expenses = $2,273 out of pocket
Investment Breakdown
|
Purchase Price
$944k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$189k
Closing costs
1%
$9,436
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,369
Total Expenses
$8,642
Mortgage P&I
84%
$5,362
Property Taxes
12%
$756
Home Insurance
5%
$341
HOA
0%
$17
Property Management
12%
$764
CapEx
4%
$255
Vacancy
3%
$191
Maintenance
4%
$255
Other
11%
$701