This property looks like a bad Mid-Term investment with a projected -15.07% first-year return on $207k initial cash invested.
-15.07%
Cash On Cash
3.17%
Cap Rate
0.5
DSCR
$4,990
Rent
-$2,597
Cashflow
Cash Flow
$4,990 income − $7,587 expenses = $2,597 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,990
Total Expenses
$7,587
Mortgage P&I
96%
$4,772
Property Taxes
16%
$802
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549