This property looks like a bad Mid-Term investment with a projected -18.55% first-year return on $207k initial cash invested.
-18.55%
Cash On Cash
2.48%
Cap Rate
0.38
DSCR
$4,376
Rent
-$3,199
Cashflow
Cash Flow
$4,376 income − $7,575 expenses = $3,199 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,376
Total Expenses
$7,575
Mortgage P&I
112%
$4,886
Property Taxes
20%
$887
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481