This property looks like a bad Mid-Term investment with a projected -9.53% first-year return on $216k initial cash invested.
-9.53%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$7,125
Rent
-$1,712
Cashflow
Cash Flow
$7,125 income − $8,837 expenses = $1,712 out of pocket
Investment Breakdown
|
Purchase Price
$941k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$188k
Closing costs
1%
$9,410
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,125
Total Expenses
$8,837
Mortgage P&I
72%
$5,149
Property Taxes
13%
$933
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$855
CapEx
4%
$285
Vacancy
3%
$214
Maintenance
4%
$285
Other
11%
$784