This property looks like a bad Mid-Term investment with a projected -11.85% first-year return on $207k initial cash invested.
-11.85%
Cash On Cash
4.11%
Cap Rate
0.63
DSCR
$6,111
Rent
-$2,044
Cashflow
Cash Flow
$6,111 income − $8,155 expenses = $2,044 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%
$9,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,111
Total Expenses
$8,155
Mortgage P&I
80%
$4,879
Property Taxes
14%
$885
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$733
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$672