This property looks like a bad Mid-Term investment with a projected -3.98% first-year return on $207k initial cash invested.
-3.98%
Cash On Cash
5.43%
Cap Rate
0.91
DSCR
$7,656
Rent
-$686
Cashflow
Cash Flow
$7,656 income − $8,342 expenses = $686 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,987
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,656
Total Expenses
$8,342
Mortgage P&I
58%
$4,444
Property Taxes
13%
$980
Home Insurance
4%
$315
HOA
0%
$0
Property Management
12%
$919
CapEx
4%
$306
Vacancy
3%
$230
Maintenance
4%
$306
Other
11%
$842