This property looks like a bad Mid-Term investment with a projected -16.69% first-year return on $206k initial cash invested.
-16.69%
Cash On Cash
2.47%
Cap Rate
0.4
DSCR
$3,669
Rent
-$2,866
Cashflow
Cash Flow
$3,669 income − $6,535 expenses = $2,866 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%
$8,953
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,669
Total Expenses
$6,535
Mortgage P&I
124%
$4,563
Property Taxes
9%
$340
Home Insurance
9%
$324
HOA
2%
$60
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404