This property looks like a bad Mid-Term investment with a projected -9.37% first-year return on $219k initial cash invested.
-9.37%
Cash On Cash
4.16%
Cap Rate
0.7
DSCR
$7,384
Rent
-$1,714
Cashflow
Cash Flow
$7,384 income − $9,098 expenses = $1,714 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$192k
Closing costs
1%
$9,595
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,384
Total Expenses
$9,098
Mortgage P&I
64%
$4,745
Property Taxes
19%
$1,406
Home Insurance
6%
$437
HOA
0%
$0
Property Management
12%
$886
CapEx
4%
$295
Vacancy
3%
$222
Maintenance
4%
$295
Other
11%
$812