This property looks like a bad Mid-Term investment with a projected -17.7% first-year return on $207k initial cash invested.
-17.7%
Cash On Cash
2.66%
Cap Rate
0.41
DSCR
$3,364
Rent
-$3,054
Cashflow
Cash Flow
$3,364 income − $6,418 expenses = $3,054 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,364
Total Expenses
$6,418
Mortgage P&I
146%
$4,912
Property Taxes
1%
$46
Home Insurance
9%
$315
HOA
0%
$0
Property Management
12%
$404
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$370