This property looks like a bad Mid-Term investment with a projected -12.33% first-year return on $217k initial cash invested.
-12.33%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$6,159
Rent
-$2,225
Cashflow
Cash Flow
$6,159 income − $8,384 expenses = $2,225 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,453
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,159
Total Expenses
$8,384
Mortgage P&I
83%
$5,125
Property Taxes
14%
$835
Home Insurance
5%
$331
HOA
0%
$0
Property Management
12%
$739
CapEx
4%
$246
Vacancy
3%
$185
Maintenance
4%
$246
Other
11%
$677