This property looks like a bad Mid-Term investment with a projected -20.42% first-year return on $206k initial cash invested.
-20.42%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$2,949
Rent
-$3,504
Cashflow
Cash Flow
$2,949 income − $6,453 expenses = $3,504 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,949
Total Expenses
$6,453
Mortgage P&I
162%
$4,772
Property Taxes
12%
$366
Home Insurance
11%
$313
HOA
0%
$0
Property Management
12%
$354
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324