This property looks like a bad Mid-Term investment with a projected -15.45% first-year return on $207k initial cash invested.
-15.45%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$5,710
Rent
-$2,670
Cashflow
Cash Flow
$5,710 income − $8,380 expenses = $2,670 out of pocket
Investment Breakdown
|
Purchase Price
$902k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,016
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,710
Total Expenses
$8,380
Mortgage P&I
85%
$4,828
Property Taxes
16%
$906
Home Insurance
6%
$325
HOA
7%
$381
Property Management
12%
$685
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$628