This property looks like a bad Mid-Term investment with a projected -8.72% first-year return on $211k initial cash invested.
-8.72%
Cash On Cash
4.73%
Cap Rate
0.75
DSCR
$7,610
Rent
-$1,532
Cashflow
Cash Flow
$7,610 income − $9,142 expenses = $1,532 out of pocket
Investment Breakdown
|
Purchase Price
$918k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,184
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,610
Total Expenses
$9,142
Mortgage P&I
64%
$4,851
Property Taxes
4%
$338
Home Insurance
4%
$297
HOA
14%
$1,070
Property Management
12%
$913
CapEx
4%
$304
Vacancy
3%
$228
Maintenance
4%
$304
Other
11%
$837