This property looks like a bad Mid-Term investment with a projected -10.73% first-year return on $216k initial cash invested.
-10.73%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$6,714
Rent
-$1,935
Cashflow
Cash Flow
$6,714 income − $8,649 expenses = $1,935 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$189k
Closing costs
1%
$9,448
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,714
Total Expenses
$8,649
Mortgage P&I
76%
$5,120
Property Taxes
14%
$916
Home Insurance
5%
$329
HOA
0%
$0
Property Management
12%
$806
CapEx
4%
$269
Vacancy
3%
$201
Maintenance
4%
$269
Other
11%
$739