This property looks like a bad Mid-Term investment with a projected -6.92% first-year return on $207k initial cash invested.
-6.92%
Cash On Cash
4.91%
Cap Rate
0.8
DSCR
$7,120
Rent
-$1,196
Cashflow
Cash Flow
$7,120 income − $8,316 expenses = $1,196 out of pocket
Investment Breakdown
|
Purchase Price
$901k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,012
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,120
Total Expenses
$8,316
Mortgage P&I
65%
$4,598
Property Taxes
14%
$996
Home Insurance
4%
$301
HOA
0%
$0
Property Management
12%
$854
CapEx
4%
$285
Vacancy
3%
$214
Maintenance
4%
$285
Other
11%
$783