This property looks like a bad Mid-Term investment with a projected -10.64% first-year return on $207k initial cash invested.
-10.64%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$6,483
Rent
-$1,835
Cashflow
Cash Flow
$6,483 income − $8,318 expenses = $1,835 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%
$8,994
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,483
Total Expenses
$8,318
Mortgage P&I
75%
$4,894
Property Taxes
14%
$880
Home Insurance
5%
$341
HOA
0%
$0
Property Management
12%
$778
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$713