This property looks like a bad Mid-Term investment with a projected -22.82% first-year return on $207k initial cash invested.
-22.82%
Cash On Cash
1.36%
Cap Rate
0.21
DSCR
$1,974
Rent
-$3,931
Cashflow
Cash Flow
$1,974 income − $5,905 expenses = $3,931 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%
$8,986
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,974
Total Expenses
$5,905
Mortgage P&I
247%
$4,873
Property Taxes
2%
$47
Home Insurance
16%
$314
HOA
0%
$0
Property Management
12%
$237
CapEx
4%
$79
Vacancy
3%
$59
Maintenance
4%
$79
Other
11%
$217