This property looks like a bad Mid-Term investment with a projected -12.35% first-year return on $207k initial cash invested.
-12.35%
Cash On Cash
3.62%
Cap Rate
0.58
DSCR
$5,018
Rent
-$2,128
Cashflow
Cash Flow
$5,018 income − $7,146 expenses = $2,128 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,018
Total Expenses
$7,146
Mortgage P&I
92%
$4,638
Property Taxes
10%
$486
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$552