This property looks like a bad Mid-Term investment with a projected -21.45% first-year return on $207k initial cash invested.
-21.45%
Cash On Cash
1.66%
Cap Rate
0.26
DSCR
$3,014
Rent
-$3,700
Cashflow
Cash Flow
$3,014 income − $6,714 expenses = $3,700 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
$3,014
Total Expenses
$6,714
Mortgage P&I
160%
$4,825
Property Taxes
18%
$548
Home Insurance
10%
$315
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332