This property looks like a bad Mid-Term investment with a projected -9.56% first-year return on $207k initial cash invested.
-9.56%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$6,693
Rent
-$1,648
Cashflow
Cash Flow
$6,693 income − $8,341 expenses = $1,648 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,693
Total Expenses
$8,341
Mortgage P&I
74%
$4,948
Property Taxes
12%
$802
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$803
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$736