This property looks like a bad Mid-Term investment with a projected -9.54% first-year return on $204k initial cash invested.
-9.54%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$6,672
Rent
-$1,621
Cashflow
Cash Flow
$6,672 income − $8,293 expenses = $1,621 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%
$8,853
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,672
Total Expenses
$8,293
Mortgage P&I
73%
$4,844
Property Taxes
13%
$870
Home Insurance
5%
$310
HOA
0%
$0
Property Management
12%
$801
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$734