This property looks like a bad Mid-Term investment with a projected -14.39% first-year return on $207k initial cash invested.
-14.39%
Cash On Cash
3.45%
Cap Rate
0.53
DSCR
$5,397
Rent
-$2,482
Cashflow
Cash Flow
$5,397 income − $7,879 expenses = $2,482 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,397
Total Expenses
$7,879
Mortgage P&I
90%
$4,850
Property Taxes
16%
$878
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594