This property looks like a bad Mid-Term investment with a projected -10.9% first-year return on $208k initial cash invested.
-10.9%
Cash On Cash
4.2%
Cap Rate
0.66
DSCR
$7,060
Rent
-$1,890
Cashflow
Cash Flow
$7,060 income − $8,950 expenses = $1,890 out of pocket
Investment Breakdown
|
Purchase Price
$905k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$181k
Closing costs
1%
$9,048
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,060
Total Expenses
$8,950
Mortgage P&I
68%
$4,774
Property Taxes
19%
$1,309
Home Insurance
5%
$350
HOA
2%
$117
Property Management
12%
$847
CapEx
4%
$282
Vacancy
3%
$212
Maintenance
4%
$282
Other
11%
$777