This property looks like a bad Mid-Term investment with a projected -13.69% first-year return on $207k initial cash invested.
-13.69%
Cash On Cash
3.56%
Cap Rate
0.55
DSCR
$5,312
Rent
-$2,361
Cashflow
Cash Flow
$5,312 income − $7,673 expenses = $2,361 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
$5,312
Total Expenses
$7,673
Mortgage P&I
91%
$4,817
Property Taxes
14%
$737
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$637
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$584