This property looks like a bad Mid-Term investment with a projected -13.45% first-year return on $205k initial cash invested.
-13.45%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$5,556
Rent
-$2,296
Cashflow
Cash Flow
$5,556 income − $7,852 expenses = $2,296 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,901
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,556
Total Expenses
$7,852
Mortgage P&I
87%
$4,858
Property Taxes
13%
$699
Home Insurance
6%
$315
HOA
2%
$91
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$611