This property looks like a bad Mid-Term investment with a projected -16.22% first-year return on $207k initial cash invested.
-16.22%
Cash On Cash
2.93%
Cap Rate
0.46
DSCR
$4,820
Rent
-$2,795
Cashflow
Cash Flow
$4,820 income − $7,615 expenses = $2,795 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,820
Total Expenses
$7,615
Mortgage P&I
100%
$4,797
Property Taxes
9%
$449
Home Insurance
7%
$315
HOA
9%
$415
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$530