This property looks like a bad Mid-Term investment with a projected -18.91% first-year return on $208k initial cash invested.
-18.91%
Cash On Cash
2.2%
Cap Rate
0.34
DSCR
$3,208
Rent
-$3,276
Cashflow
Cash Flow
$3,208 income − $6,484 expenses = $3,276 out of pocket
Investment Breakdown
|
Purchase Price
$904k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$181k
Closing costs
1%
$9,040
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,208
Total Expenses
$6,484
Mortgage P&I
150%
$4,805
Property Taxes
8%
$257
Home Insurance
10%
$332
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353