This property looks like a bad Mid-Term investment with a projected -9.29% first-year return on $223k initial cash invested.
-9.29%
Cash On Cash
4.27%
Cap Rate
0.7
DSCR
$6,813
Rent
-$1,725
Cashflow
Cash Flow
$6,813 income − $8,538 expenses = $1,725 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,813
Total Expenses
$8,538
Mortgage P&I
72%
$4,921
Property Taxes
14%
$959
Home Insurance
5%
$341
HOA
0%
$0
Property Management
12%
$818
CapEx
4%
$273
Vacancy
3%
$204
Maintenance
4%
$273
Other
11%
$749