This property looks like a bad Mid-Term investment with a projected -9.5% first-year return on $214k initial cash invested.
-9.5%
Cash On Cash
4.8%
Cap Rate
0.72
DSCR
$6,546
Rent
-$1,692
Cashflow
Cash Flow
$6,546 income − $8,238 expenses = $1,692 out of pocket
Investment Breakdown
|
Purchase Price
$933k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,325
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,546
Total Expenses
$8,238
Mortgage P&I
79%
$5,162
Property Taxes
7%
$434
Home Insurance
6%
$416
HOA
0%
$0
Property Management
12%
$786
CapEx
4%
$262
Vacancy
3%
$196
Maintenance
4%
$262
Other
11%
$720