This property looks like a bad Mid-Term investment with a projected -10.18% first-year return on $206k initial cash invested.
-10.18%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$7,383
Rent
-$1,750
Cashflow
Cash Flow
$7,383 income − $9,133 expenses = $1,750 out of pocket
Investment Breakdown
|
Purchase Price
$896k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,962
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,383
Total Expenses
$9,133
Mortgage P&I
66%
$4,858
Property Taxes
20%
$1,460
Home Insurance
4%
$306
HOA
0%
$0
Property Management
12%
$886
CapEx
4%
$295
Vacancy
3%
$221
Maintenance
4%
$295
Other
11%
$812