This property looks like a bad Mid-Term investment with a projected -14.48% first-year return on $207k initial cash invested.
-14.48%
Cash On Cash
3.56%
Cap Rate
0.54
DSCR
$4,664
Rent
-$2,494
Cashflow
Cash Flow
$4,664 income − $7,158 expenses = $2,494 out of pocket
Investment Breakdown
|
Purchase Price
$898k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,983
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,664
Total Expenses
$7,158
Mortgage P&I
107%
$4,975
Property Taxes
6%
$272
Home Insurance
7%
$324
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513