This property looks like a bad Mid-Term investment with a projected -18.89% first-year return on $207k initial cash invested.
-18.89%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$4,298
Rent
-$3,259
Cashflow
Cash Flow
$4,298 income − $7,557 expenses = $3,259 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,298
Total Expenses
$7,557
Mortgage P&I
114%
$4,906
Property Taxes
20%
$874
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473