This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $207k initial cash invested.
-11.25%
Cash On Cash
3.69%
Cap Rate
0.61
DSCR
$4,920
Rent
-$1,942
Cashflow
Cash Flow
$4,920 income − $6,862 expenses = $1,942 out of pocket
Investment Breakdown
|
Purchase Price
$901k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,005
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,920
Total Expenses
$6,862
Mortgage P&I
92%
$4,514
Property Taxes
7%
$348
Home Insurance
7%
$327
HOA
0%
$0
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541