This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $208k initial cash invested.
-6.91%
Cash On Cash
5.38%
Cap Rate
0.82
DSCR
$7,144
Rent
-$1,199
Cashflow
Cash Flow
$7,144 income − $8,343 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$906k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$181k
Closing costs
1%
$9,056
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,144
Total Expenses
$8,343
Mortgage P&I
70%
$4,973
Property Taxes
9%
$617
Home Insurance
5%
$324
HOA
0%
$0
Property Management
12%
$857
CapEx
4%
$286
Vacancy
3%
$214
Maintenance
4%
$286
Other
11%
$786