This property looks like a bad Mid-Term investment with a projected -8.91% first-year return on $206k initial cash invested.
-8.91%
Cash On Cash
4.36%
Cap Rate
0.72
DSCR
$5,902
Rent
-$1,527
Cashflow
Cash Flow
$5,902 income − $7,429 expenses = $1,527 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,939
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,902
Total Expenses
$7,429
Mortgage P&I
77%
$4,537
Property Taxes
10%
$571
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$708
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$649