This property looks like a bad Mid-Term investment with a projected -12.62% first-year return on $207k initial cash invested.
-12.62%
Cash On Cash
3.47%
Cap Rate
0.57
DSCR
$4,832
Rent
-$2,181
Cashflow
Cash Flow
$4,832 income − $7,013 expenses = $2,181 out of pocket
Investment Breakdown
|
Purchase Price
$902k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,832
Total Expenses
$7,013
Mortgage P&I
95%
$4,594
Property Taxes
9%
$452
Home Insurance
7%
$324
HOA
0%
$0
Property Management
12%
$580
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$532