This property looks like a bad Mid-Term investment with a projected -15.16% first-year return on $204k initial cash invested.
-15.16%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$5,332
Rent
-$2,573
Cashflow
Cash Flow
$5,332 income − $7,905 expenses = $2,573 out of pocket
Investment Breakdown
|
Purchase Price
$884k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,841
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,332
Total Expenses
$7,905
Mortgage P&I
90%
$4,805
Property Taxes
18%
$976
Home Insurance
6%
$311
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587