This property looks like a bad Mid-Term investment with a projected -13.93% first-year return on $204k initial cash invested.
-13.93%
Cash On Cash
3.45%
Cap Rate
0.54
DSCR
$5,210
Rent
-$2,371
Cashflow
Cash Flow
$5,210 income − $7,581 expenses = $2,371 out of pocket
Investment Breakdown
|
Purchase Price
$887k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,870
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,210
Total Expenses
$7,581
Mortgage P&I
90%
$4,711
Property Taxes
15%
$785
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573