This property looks like a bad Mid-Term investment with a projected -8.61% first-year return on $216k initial cash invested.
-8.61%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$7,166
Rent
-$1,549
Cashflow
Cash Flow
$7,166 income − $8,715 expenses = $1,549 out of pocket
Investment Breakdown
|
Purchase Price
$943k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$189k
Closing costs
1%
$9,429
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,166
Total Expenses
$8,715
Mortgage P&I
71%
$5,107
Property Taxes
12%
$846
Home Insurance
5%
$325
HOA
0%
$0
Property Management
12%
$860
CapEx
4%
$287
Vacancy
3%
$215
Maintenance
4%
$287
Other
11%
$788