This property looks like a bad Mid-Term investment with a projected -6.7% first-year return on $218k initial cash invested.
-6.7%
Cash On Cash
4.86%
Cap Rate
0.8
DSCR
$6,496
Rent
-$1,214
Cashflow
Cash Flow
$6,496 income − $7,710 expenses = $1,214 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,496
Total Expenses
$7,710
Mortgage P&I
74%
$4,803
Property Taxes
6%
$365
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$780
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$715