This property looks like a bad Mid-Term investment with a projected -17.72% first-year return on $207k initial cash invested.
-17.72%
Cash On Cash
2.26%
Cap Rate
0.37
DSCR
$3,500
Rent
-$3,057
Cashflow
Cash Flow
$3,500 income − $6,557 expenses = $3,057 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,500
Total Expenses
$6,557
Mortgage P&I
132%
$4,615
Property Taxes
12%
$437
Home Insurance
9%
$315
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385