This property looks like a bad Mid-Term investment with a projected -11.49% first-year return on $205k initial cash invested.
-11.49%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$5,786
Rent
-$1,959
Cashflow
Cash Flow
$5,786 income − $7,745 expenses = $1,959 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,889
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,786
Total Expenses
$7,745
Mortgage P&I
83%
$4,831
Property Taxes
11%
$637
Home Insurance
5%
$311
HOA
0%
$0
Property Management
12%
$694
CapEx
4%
$231
Vacancy
3%
$174
Maintenance
4%
$231
Other
11%
$636