This property looks like a bad Mid-Term investment with a projected -18.74% first-year return on $207k initial cash invested.
-18.74%
Cash On Cash
2%
Cap Rate
0.32
DSCR
$2,842
Rent
-$3,230
Cashflow
Cash Flow
$2,842 income − $6,072 expenses = $3,230 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,842
Total Expenses
$6,072
Mortgage P&I
162%
$4,613
Property Taxes
6%
$177
Home Insurance
11%
$315
HOA
0%
$0
Property Management
12%
$341
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313