This property looks like a bad Mid-Term investment with a projected -11.96% first-year return on $209k initial cash invested.
-11.96%
Cash On Cash
3.78%
Cap Rate
0.61
DSCR
$5,368
Rent
-$2,079
Cashflow
Cash Flow
$5,368 income − $7,447 expenses = $2,079 out of pocket
Investment Breakdown
|
Purchase Price
$907k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$181k
Closing costs
1%
$9,073
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,368
Total Expenses
$7,447
Mortgage P&I
88%
$4,720
Property Taxes
11%
$578
Home Insurance
6%
$324
HOA
0%
$0
Property Management
12%
$644
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$590