This property looks like a bad Mid-Term investment with a projected -14.87% first-year return on $206k initial cash invested.
-14.87%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$5,678
Rent
-$2,552
Cashflow
Cash Flow
$5,678 income − $8,230 expenses = $2,552 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,678
Total Expenses
$8,230
Mortgage P&I
86%
$4,891
Property Taxes
19%
$1,096
Home Insurance
6%
$313
HOA
0%
$0
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$625