This property looks like a bad Mid-Term investment with a projected -10.68% first-year return on $207k initial cash invested.
-10.68%
Cash On Cash
4.13%
Cap Rate
0.66
DSCR
$5,796
Rent
-$1,842
Cashflow
Cash Flow
$5,796 income − $7,638 expenses = $1,842 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,796
Total Expenses
$7,638
Mortgage P&I
81%
$4,706
Property Taxes
11%
$645
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$696
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$638