This property looks like a bad Mid-Term investment with a projected -17.97% first-year return on $205k initial cash invested.
-17.97%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$3,708
Rent
-$3,066
Cashflow
Cash Flow
$3,708 income − $6,774 expenses = $3,066 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,708
Total Expenses
$6,774
Mortgage P&I
133%
$4,928
Property Taxes
7%
$275
Home Insurance
8%
$311
HOA
0%
$0
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408