This property looks like a bad Mid-Term investment with a projected -9.8% first-year return on $207k initial cash invested.
-9.8%
Cash On Cash
4.34%
Cap Rate
0.69
DSCR
$6,368
Rent
-$1,691
Cashflow
Cash Flow
$6,368 income − $8,059 expenses = $1,691 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
$6,368
Total Expenses
$8,059
Mortgage P&I
74%
$4,687
Property Taxes
14%
$892
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$764
CapEx
4%
$255
Vacancy
3%
$191
Maintenance
4%
$255
Other
11%
$700