This property looks like a bad Mid-Term investment with a projected -15.5% first-year return on $209k initial cash invested.
-15.5%
Cash On Cash
3.35%
Cap Rate
0.5
DSCR
$5,024
Rent
-$2,697
Cashflow
Cash Flow
$5,024 income − $7,721 expenses = $2,697 out of pocket
Investment Breakdown
|
Purchase Price
$908k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$182k
Closing costs
1%
$9,084
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,024
Total Expenses
$7,721
Mortgage P&I
100%
$5,031
Property Taxes
10%
$478
Home Insurance
7%
$341
HOA
3%
$162
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553