This property looks like a bad Mid-Term investment with a projected -15.58% first-year return on $207k initial cash invested.
-15.58%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$5,076
Rent
-$2,688
Cashflow
Cash Flow
$5,076 income − $7,764 expenses = $2,688 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
$5,076
Total Expenses
$7,764
Mortgage P&I
95%
$4,839
Property Taxes
17%
$885
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558