This property looks like a bad Mid-Term investment with a projected -14.21% first-year return on $207k initial cash invested.
-14.21%
Cash On Cash
3.01%
Cap Rate
0.5
DSCR
$4,131
Rent
-$2,451
Cashflow
Cash Flow
$4,131 income − $6,582 expenses = $2,451 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,131
Total Expenses
$6,582
Mortgage P&I
110%
$4,545
Property Taxes
8%
$318
Home Insurance
8%
$315
HOA
0%
$0
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454