This property looks like a bad Mid-Term investment with a projected -11.21% first-year return on $207k initial cash invested.
-11.21%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$6,114
Rent
-$1,931
Cashflow
Cash Flow
$6,114 income − $8,045 expenses = $1,931 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
$6,114
Total Expenses
$8,045
Mortgage P&I
79%
$4,856
Property Taxes
13%
$794
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$734
CapEx
4%
$245
Vacancy
3%
$183
Maintenance
4%
$245
Other
11%
$673