This property looks like a bad Mid-Term investment with a projected -10.42% first-year return on $207k initial cash invested.
-10.42%
Cash On Cash
4.02%
Cap Rate
0.66
DSCR
$6,086
Rent
-$1,795
Cashflow
Cash Flow
$6,086 income − $7,881 expenses = $1,795 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.5%
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
$6,086
Total Expenses
$7,881
Mortgage P&I
75%
$4,563
Property Taxes
15%
$935
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$183
Maintenance
4%
$243
Other
11%
$669