This property looks like a bad Mid-Term investment with a projected -10.1% first-year return on $207k initial cash invested.
-10.1%
Cash On Cash
4.71%
Cap Rate
0.7
DSCR
$6,616
Rent
-$1,745
Cashflow
Cash Flow
$6,616 income − $8,361 expenses = $1,745 out of pocket
Investment Breakdown
|
Purchase Price
$901k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,013
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,616
Total Expenses
$8,361
Mortgage P&I
76%
$5,014
Property Taxes
12%
$761
Home Insurance
5%
$336
HOA
0%
$0
Property Management
12%
$794
CapEx
4%
$265
Vacancy
3%
$198
Maintenance
4%
$265
Other
11%
$728