This property looks like a bad Mid-Term investment with a projected -8.67% first-year return on $208k initial cash invested.
-8.67%
Cash On Cash
4.89%
Cap Rate
0.75
DSCR
$6,988
Rent
-$1,503
Cashflow
Cash Flow
$6,988 income − $8,491 expenses = $1,503 out of pocket
Investment Breakdown
|
Purchase Price
$905k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$181k
Closing costs
1%
$9,051
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,988
Total Expenses
$8,491
Mortgage P&I
70%
$4,914
Property Taxes
13%
$884
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$839
CapEx
4%
$280
Vacancy
3%
$210
Maintenance
4%
$280
Other
11%
$769