This property looks like a bad Mid-Term investment with a projected -12.05% first-year return on $207k initial cash invested.
-12.05%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$5,812
Rent
-$2,077
Cashflow
Cash Flow
$5,812 income − $7,889 expenses = $2,077 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,991
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,812
Total Expenses
$7,889
Mortgage P&I
84%
$4,907
Property Taxes
12%
$684
Home Insurance
6%
$324
HOA
0%
$0
Property Management
12%
$697
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$639