This property looks like a bad Mid-Term investment with a projected -10.38% first-year return on $205k initial cash invested.
-10.38%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$6,452
Rent
-$1,775
Cashflow
Cash Flow
$6,452 income − $8,227 expenses = $1,775 out of pocket
Investment Breakdown
|
Purchase Price
$892k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,917
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,452
Total Expenses
$8,227
Mortgage P&I
76%
$4,879
Property Taxes
13%
$851
Home Insurance
5%
$303
HOA
0%
$0
Property Management
12%
$774
CapEx
4%
$258
Vacancy
3%
$194
Maintenance
4%
$258
Other
11%
$710