This property looks like a bad Mid-Term investment with a projected -14.61% first-year return on $208k initial cash invested.
-14.61%
Cash On Cash
3.5%
Cap Rate
0.53
DSCR
$5,532
Rent
-$2,536
Cashflow
Cash Flow
$5,532 income − $8,068 expenses = $2,536 out of pocket
Investment Breakdown
|
Purchase Price
$906k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$181k
Closing costs
1%
$9,061
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,532
Total Expenses
$8,068
Mortgage P&I
90%
$4,961
Property Taxes
16%
$902
Home Insurance
6%
$324
HOA
0%
$0
Property Management
12%
$664
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$609