This property looks like a bad Mid-Term investment with a projected -20.78% first-year return on $207k initial cash invested.
-20.78%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$2,742
Rent
-$3,581
Cashflow
Cash Flow
$2,742 income − $6,323 expenses = $3,581 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,742
Total Expenses
$6,323
Mortgage P&I
166%
$4,565
Property Taxes
19%
$510
Home Insurance
11%
$315
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302