This property looks like a bad Mid-Term investment with a projected -21.86% first-year return on $206k initial cash invested.
-21.86%
Cash On Cash
1.19%
Cap Rate
0.19
DSCR
$1,866
Rent
-$3,752
Cashflow
Cash Flow
$1,866 income − $5,618 expenses = $3,752 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,866
Total Expenses
$5,618
Mortgage P&I
244%
$4,562
Property Taxes
6%
$108
Home Insurance
17%
$313
HOA
0%
$0
Property Management
12%
$224
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$205