This property looks like a bad Mid-Term investment with a projected -8.6% first-year return on $207k initial cash invested.
-8.6%
Cash On Cash
4.76%
Cap Rate
0.74
DSCR
$6,500
Rent
-$1,485
Cashflow
Cash Flow
$6,500 income − $7,985 expenses = $1,485 out of pocket
Investment Breakdown
|
Purchase Price
$901k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,010
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,500
Total Expenses
$7,985
Mortgage P&I
74%
$4,800
Property Taxes
8%
$533
Home Insurance
5%
$324
HOA
2%
$118
Property Management
12%
$780
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$715