This property looks like a bad Mid-Term investment with a projected -10.57% first-year return on $204k initial cash invested.
-10.57%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$6,291
Rent
-$1,797
Cashflow
Cash Flow
$6,291 income − $8,088 expenses = $1,797 out of pocket
Investment Breakdown
|
Purchase Price
$886k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,860
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,291
Total Expenses
$8,088
Mortgage P&I
77%
$4,869
Property Taxes
12%
$764
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$755
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$692