This property looks like a bad Mid-Term investment with a projected -8.71% first-year return on $221k initial cash invested.
-8.71%
Cash On Cash
4.98%
Cap Rate
0.75
DSCR
$6,360
Rent
-$1,602
Cashflow
Cash Flow
$6,360 income − $7,962 expenses = $1,602 out of pocket
Investment Breakdown
|
Purchase Price
$965k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,647
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,360
Total Expenses
$7,962
Mortgage P&I
84%
$5,349
Property Taxes
0%
$8
Home Insurance
6%
$350
HOA
1%
$93
Property Management
12%
$763
CapEx
4%
$254
Vacancy
3%
$191
Maintenance
4%
$254
Other
11%
$700