This property looks like a bad Mid-Term investment with a projected -9.99% first-year return on $204k initial cash invested.
-9.99%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$6,957
Rent
-$1,697
Cashflow
Cash Flow
$6,957 income − $8,654 expenses = $1,697 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,848
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,957
Total Expenses
$8,654
Mortgage P&I
70%
$4,849
Property Taxes
16%
$1,142
Home Insurance
4%
$298
HOA
0%
$0
Property Management
12%
$835
CapEx
4%
$278
Vacancy
3%
$209
Maintenance
4%
$278
Other
11%
$765