This property looks like a bad Mid-Term investment with a projected -11.68% first-year return on $205k initial cash invested.
-11.68%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$5,736
Rent
-$1,994
Cashflow
Cash Flow
$5,736 income − $7,730 expenses = $1,994 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,899
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,736
Total Expenses
$7,730
Mortgage P&I
82%
$4,701
Property Taxes
13%
$756
Home Insurance
6%
$324
HOA
0%
$0
Property Management
12%
$688
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$631