This property looks like a bad Mid-Term investment with a projected -9.8% first-year return on $207k initial cash invested.
-9.8%
Cash On Cash
4.44%
Cap Rate
0.7
DSCR
$6,246
Rent
-$1,689
Cashflow
Cash Flow
$6,246 income − $7,935 expenses = $1,689 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
$6,246
Total Expenses
$7,935
Mortgage P&I
76%
$4,763
Property Taxes
12%
$733
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$750
CapEx
4%
$250
Vacancy
3%
$187
Maintenance
4%
$250
Other
11%
$687