This property looks like a bad Mid-Term investment with a projected -10.55% first-year return on $209k initial cash invested.
-10.55%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$6,381
Rent
-$1,836
Cashflow
Cash Flow
$6,381 income − $8,217 expenses = $1,836 out of pocket
Investment Breakdown
|
Purchase Price
$909k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$182k
Closing costs
1%
$9,086
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,381
Total Expenses
$8,217
Mortgage P&I
76%
$4,843
Property Taxes
13%
$846
Home Insurance
5%
$315
HOA
1%
$44
Property Management
12%
$766
CapEx
4%
$255
Vacancy
3%
$191
Maintenance
4%
$255
Other
11%
$702