This property looks like a bad Mid-Term investment with a projected -14.03% first-year return on $204k initial cash invested.
-14.03%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$5,476
Rent
-$2,383
Cashflow
Cash Flow
$5,476 income − $7,859 expenses = $2,383 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,849
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,476
Total Expenses
$7,859
Mortgage P&I
87%
$4,769
Property Taxes
16%
$863
Home Insurance
6%
$310
HOA
1%
$56
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602