This property looks like a bad Mid-Term investment with a projected -3.62% first-year return on $207k initial cash invested.
-3.62%
Cash On Cash
5.76%
Cap Rate
0.93
DSCR
$7,881
Rent
-$625
Cashflow
Cash Flow
$7,881 income − $8,506 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.7%
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
$7,881
Total Expenses
$8,506
Mortgage P&I
59%
$4,627
Property Taxes
11%
$885
Home Insurance
4%
$315
HOA
0%
$0
Property Management
12%
$946
CapEx
4%
$315
Vacancy
3%
$236
Maintenance
4%
$315
Other
11%
$867