This property looks like a bad Mid-Term investment with a projected -20.85% first-year return on $207k initial cash invested.
-20.85%
Cash On Cash
1.48%
Cap Rate
0.24
DSCR
$2,307
Rent
-$3,593
Cashflow
Cash Flow
$2,307 income − $5,900 expenses = $3,593 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,307
Total Expenses
$5,900
Mortgage P&I
200%
$4,613
Property Taxes
8%
$188
Home Insurance
14%
$315
HOA
0%
$0
Property Management
12%
$277
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$254