This property looks like a bad Mid-Term investment with a projected -14.13% first-year return on $206k initial cash invested.
-14.13%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$4,484
Rent
-$2,431
Cashflow
Cash Flow
$4,484 income − $6,915 expenses = $2,431 out of pocket
Investment Breakdown
|
Purchase Price
$897k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,972
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,484
Total Expenses
$6,915
Mortgage P&I
101%
$4,508
Property Taxes
12%
$543
Home Insurance
8%
$340
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493