This property looks like a bad Mid-Term investment with a projected -24.06% first-year return on $207k initial cash invested.
-24.06%
Cash On Cash
1.12%
Cap Rate
0.17
DSCR
$1,920
Rent
-$4,150
Cashflow
Cash Flow
$1,920 income − $6,070 expenses = $4,150 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%
$8,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,920
Total Expenses
$6,070
Mortgage P&I
256%
$4,911
Property Taxes
10%
$191
Home Insurance
16%
$315
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$211