This property looks like a bad Mid-Term investment with a projected -8.87% first-year return on $219k initial cash invested.
-8.87%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$7,366
Rent
-$1,617
Cashflow
Cash Flow
$7,366 income − $8,983 expenses = $1,617 out of pocket
Investment Breakdown
|
Purchase Price
$957k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$191k
Closing costs
1%
$9,565
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,366
Total Expenses
$8,983
Mortgage P&I
71%
$5,222
Property Taxes
12%
$878
Home Insurance
5%
$378
HOA
0%
$0
Property Management
12%
$884
CapEx
4%
$295
Vacancy
3%
$221
Maintenance
4%
$295
Other
11%
$810