This property looks like a bad Mid-Term investment with a projected -16.45% first-year return on $207k initial cash invested.
-16.45%
Cash On Cash
2.66%
Cap Rate
0.43
DSCR
$3,891
Rent
-$2,838
Cashflow
Cash Flow
$3,891 income − $6,729 expenses = $2,838 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%
$9,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,891
Total Expenses
$6,729
Mortgage P&I
120%
$4,674
Property Taxes
11%
$416
Home Insurance
8%
$315
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428