This property looks like a bad Mid-Term investment with a projected -7.61% first-year return on $212k initial cash invested.
-7.61%
Cash On Cash
5.16%
Cap Rate
0.79
DSCR
$7,977
Rent
-$1,343
Cashflow
Cash Flow
$7,977 income − $9,320 expenses = $1,343 out of pocket
Investment Breakdown
|
Purchase Price
$923k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,227
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,977
Total Expenses
$9,320
Mortgage P&I
63%
$4,994
Property Taxes
16%
$1,311
Home Insurance
4%
$304
HOA
0%
$0
Property Management
12%
$957
CapEx
4%
$319
Vacancy
3%
$239
Maintenance
4%
$319
Other
11%
$877