This property looks like a bad Mid-Term investment with a projected -10.14% first-year return on $207k initial cash invested.
-10.14%
Cash On Cash
4.28%
Cap Rate
0.68
DSCR
$6,342
Rent
-$1,748
Cashflow
Cash Flow
$6,342 income − $8,090 expenses = $1,748 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.8%
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
$6,342
Total Expenses
$8,090
Mortgage P&I
74%
$4,704
Property Taxes
14%
$914
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$761
CapEx
4%
$254
Vacancy
3%
$190
Maintenance
4%
$254
Other
11%
$698