This property looks like a bad Mid-Term investment with a projected -11.6% first-year return on $225k initial cash invested.
-11.6%
Cash On Cash
3.67%
Cap Rate
0.61
DSCR
$6,188
Rent
-$2,175
Cashflow
Cash Flow
$6,188 income − $8,363 expenses = $2,175 out of pocket
Investment Breakdown
|
Purchase Price
$986k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,856
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,188
Total Expenses
$8,363
Mortgage P&I
80%
$4,942
Property Taxes
17%
$1,070
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$743
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$681