This property looks like a bad Mid-Term investment with a projected -19.49% first-year return on $207k initial cash invested.
-19.49%
Cash On Cash
2.08%
Cap Rate
0.32
DSCR
$3,116
Rent
-$3,362
Cashflow
Cash Flow
$3,116 income − $6,478 expenses = $3,362 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,116
Total Expenses
$6,478
Mortgage P&I
154%
$4,795
Property Taxes
8%
$262
Home Insurance
10%
$315
HOA
1%
$46
Property Management
12%
$374
CapEx
4%
$125
Vacancy
3%
$93
Maintenance
4%
$125
Other
11%
$343