This property looks like a bad Mid-Term investment with a projected -13.06% first-year return on $207k initial cash invested.
-13.06%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$5,823
Rent
-$2,251
Cashflow
Cash Flow
$5,823 income − $8,074 expenses = $2,251 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,823
Total Expenses
$8,074
Mortgage P&I
84%
$4,902
Property Taxes
15%
$876
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$699
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$641