This property looks like a bad Mid-Term investment with a projected -22.26% first-year return on $208k initial cash invested.
-22.26%
Cash On Cash
1.35%
Cap Rate
0.21
DSCR
$2,918
Rent
-$3,860
Cashflow
Cash Flow
$2,918 income − $6,778 expenses = $3,860 out of pocket
Investment Breakdown
|
Purchase Price
$905k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$181k
Closing costs
1%
$9,050
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,918
Total Expenses
$6,778
Mortgage P&I
163%
$4,762
Property Taxes
24%
$706
Home Insurance
11%
$317
HOA
0%
$0
Property Management
12%
$350
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$321