This property looks like a bad Mid-Term investment with a projected -28.05% first-year return on $207k initial cash invested.
-28.05%
Cash On Cash
0.45%
Cap Rate
0.07
DSCR
$2,409
Rent
-$4,834
Cashflow
Cash Flow
$2,409 income − $7,243 expenses = $4,834 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,409
Total Expenses
$7,243
Mortgage P&I
211%
$5,076
Property Taxes
43%
$1,034
Home Insurance
13%
$315
HOA
0%
$0
Property Management
12%
$289
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$265