This property looks like a bad Mid-Term investment with a projected -4.93% first-year return on $214k initial cash invested.
-4.93%
Cash On Cash
5.39%
Cap Rate
0.88
DSCR
$8,115
Rent
-$880
Cashflow
Cash Flow
$8,115 income − $8,995 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$934k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,341
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,115
Total Expenses
$8,995
Mortgage P&I
59%
$4,752
Property Taxes
14%
$1,157
Home Insurance
4%
$326
HOA
0%
$0
Property Management
12%
$974
CapEx
4%
$325
Vacancy
3%
$243
Maintenance
4%
$325
Other
11%
$893