This property looks like a bad Mid-Term investment with a projected -9.38% first-year return on $211k initial cash invested.
-9.38%
Cash On Cash
4.61%
Cap Rate
0.72
DSCR
$6,762
Rent
-$1,651
Cashflow
Cash Flow
$6,762 income − $8,413 expenses = $1,651 out of pocket
Investment Breakdown
|
Purchase Price
$921k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,206
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,762
Total Expenses
$8,413
Mortgage P&I
73%
$4,920
Property Taxes
13%
$871
Home Insurance
5%
$324
HOA
0%
$0
Property Management
12%
$811
CapEx
4%
$270
Vacancy
3%
$203
Maintenance
4%
$270
Other
11%
$744