This property looks like a bad Mid-Term investment with a projected -8.26% first-year return on $215k initial cash invested.
-8.26%
Cash On Cash
5.04%
Cap Rate
0.77
DSCR
$7,450
Rent
-$1,480
Cashflow
Cash Flow
$7,450 income − $8,930 expenses = $1,480 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$188k
Closing costs
1%
$9,385
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,450
Total Expenses
$8,930
Mortgage P&I
69%
$5,122
Property Taxes
13%
$942
Home Insurance
4%
$332
HOA
0%
$0
Property Management
12%
$894
CapEx
4%
$298
Vacancy
3%
$224
Maintenance
4%
$298
Other
11%
$820