This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $213k initial cash invested.
-2.66%
Cash On Cash
5.89%
Cap Rate
0.97
DSCR
$8,318
Rent
-$473
Cashflow
Cash Flow
$8,318 income − $8,791 expenses = $473 out of pocket
Investment Breakdown
|
Purchase Price
$930k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$186k
Closing costs
1%
$9,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,318
Total Expenses
$8,791
Mortgage P&I
57%
$4,701
Property Taxes
11%
$935
Home Insurance
4%
$326
HOA
0%
$0
Property Management
12%
$998
CapEx
4%
$333
Vacancy
3%
$250
Maintenance
4%
$333
Other
11%
$915