This property looks like a bad Mid-Term investment with a projected -14.15% first-year return on $207k initial cash invested.
-14.15%
Cash On Cash
3.63%
Cap Rate
0.55
DSCR
$5,048
Rent
-$2,438
Cashflow
Cash Flow
$5,048 income − $7,486 expenses = $2,438 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,048
Total Expenses
$7,486
Mortgage P&I
98%
$4,954
Property Taxes
10%
$501
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555