This property looks like a bad Mid-Term investment with a projected -9.52% first-year return on $207k initial cash invested.
-9.52%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$7,288
Rent
-$1,640
Cashflow
Cash Flow
$7,288 income − $8,928 expenses = $1,640 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.2%
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
$7,288
Total Expenses
$8,928
Mortgage P&I
67%
$4,901
Property Taxes
16%
$1,134
Home Insurance
4%
$315
HOA
1%
$98
Property Management
12%
$875
CapEx
4%
$292
Vacancy
3%
$219
Maintenance
4%
$292
Other
11%
$802