This property looks like a bad Mid-Term investment with a projected -15.42% first-year return on $206k initial cash invested.
-15.42%
Cash On Cash
3.32%
Cap Rate
0.5
DSCR
$4,300
Rent
-$2,650
Cashflow
Cash Flow
$4,300 income − $6,950 expenses = $2,650 out of pocket
Investment Breakdown
|
Purchase Price
$897k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,965
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,300
Total Expenses
$6,950
Mortgage P&I
115%
$4,961
Property Taxes
2%
$72
Home Insurance
11%
$455
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473