This property looks like a bad Mid-Term investment with a projected -12.24% first-year return on $211k initial cash invested.
-12.24%
Cash On Cash
4.27%
Cap Rate
0.63
DSCR
$6,195
Rent
-$2,148
Cashflow
Cash Flow
$6,195 income − $8,343 expenses = $2,148 out of pocket
Investment Breakdown
|
Purchase Price
$917k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$183k
Closing costs
1%
$9,167
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,195
Total Expenses
$8,343
Mortgage P&I
83%
$5,161
Property Taxes
12%
$744
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$743
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$681