This property looks like a bad Mid-Term investment with a projected -10.28% first-year return on $210k initial cash invested.
-10.28%
Cash On Cash
4.6%
Cap Rate
0.7
DSCR
$7,408
Rent
-$1,800
Cashflow
Cash Flow
$7,408 income − $9,208 expenses = $1,800 out of pocket
Investment Breakdown
|
Purchase Price
$915k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$183k
Closing costs
1%
$9,150
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,408
Total Expenses
$9,208
Mortgage P&I
68%
$5,014
Property Taxes
13%
$966
Home Insurance
4%
$320
HOA
5%
$390
Property Management
12%
$889
CapEx
4%
$296
Vacancy
3%
$222
Maintenance
4%
$296
Other
11%
$815