This property looks like a bad Mid-Term investment with a projected -17.27% first-year return on $207k initial cash invested.
-17.27%
Cash On Cash
2.67%
Cap Rate
0.41
DSCR
$3,752
Rent
-$2,979
Cashflow
Cash Flow
$3,752 income − $6,731 expenses = $2,979 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,752
Total Expenses
$6,731
Mortgage P&I
129%
$4,830
Property Taxes
8%
$310
Home Insurance
8%
$315
HOA
0%
$0
Property Management
12%
$450
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413