This property looks like a bad Mid-Term investment with a projected -15.95% first-year return on $207k initial cash invested.
-15.95%
Cash On Cash
2.78%
Cap Rate
0.45
DSCR
$4,578
Rent
-$2,751
Cashflow
Cash Flow
$4,578 income − $7,329 expenses = $2,751 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,578
Total Expenses
$7,329
Mortgage P&I
102%
$4,652
Property Taxes
18%
$806
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$504