This property looks like a bad Mid-Term investment with a projected -8.88% first-year return on $206k initial cash invested.
-8.88%
Cash On Cash
4.92%
Cap Rate
0.75
DSCR
$6,964
Rent
-$1,525
Cashflow
Cash Flow
$6,964 income − $8,489 expenses = $1,525 out of pocket
Investment Breakdown
|
Purchase Price
$896k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,955
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,964
Total Expenses
$8,489
Mortgage P&I
71%
$4,920
Property Taxes
13%
$885
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$836
CapEx
4%
$279
Vacancy
3%
$209
Maintenance
4%
$279
Other
11%
$766