This property looks like a bad Mid-Term investment with a projected -23.15% first-year return on $207k initial cash invested.
-23.15%
Cash On Cash
0.8%
Cap Rate
0.13
DSCR
$1,822
Rent
-$3,993
Cashflow
Cash Flow
$1,822 income − $5,815 expenses = $3,993 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,822
Total Expenses
$5,815
Mortgage P&I
248%
$4,520
Property Taxes
20%
$360
Home Insurance
17%
$315
HOA
0%
$0
Property Management
12%
$219
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$200