This property looks like a bad Mid-Term investment with a projected -13.8% first-year return on $205k initial cash invested.
-13.8%
Cash On Cash
3.73%
Cap Rate
0.56
DSCR
$5,582
Rent
-$2,357
Cashflow
Cash Flow
$5,582 income − $7,939 expenses = $2,357 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,582
Total Expenses
$7,939
Mortgage P&I
88%
$4,899
Property Taxes
15%
$831
Home Insurance
6%
$312
HOA
0%
$0
Property Management
12%
$670
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$614