This property looks like a bad Mid-Term investment with a projected -16.77% first-year return on $207k initial cash invested.
-16.77%
Cash On Cash
2.58%
Cap Rate
0.41
DSCR
$3,471
Rent
-$2,892
Cashflow
Cash Flow
$3,471 income − $6,363 expenses = $2,892 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,471
Total Expenses
$6,363
Mortgage P&I
135%
$4,691
Property Taxes
5%
$176
Home Insurance
9%
$315
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382