This property looks like a bad Mid-Term investment with a projected -6.33% first-year return on $217k initial cash invested.
-6.33%
Cash On Cash
5.04%
Cap Rate
0.82
DSCR
$7,360
Rent
-$1,143
Cashflow
Cash Flow
$7,360 income − $8,503 expenses = $1,143 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,462
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,360
Total Expenses
$8,503
Mortgage P&I
66%
$4,824
Property Taxes
12%
$908
Home Insurance
4%
$269
HOA
0%
$0
Property Management
12%
$883
CapEx
4%
$294
Vacancy
3%
$221
Maintenance
4%
$294
Other
11%
$810