This property looks like a bad Mid-Term investment with a projected -17.22% first-year return on $205k initial cash invested.
-17.22%
Cash On Cash
2.95%
Cap Rate
0.44
DSCR
$4,230
Rent
-$2,941
Cashflow
Cash Flow
$4,230 income − $7,171 expenses = $2,941 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,230
Total Expenses
$7,171
Mortgage P&I
117%
$4,960
Property Taxes
4%
$161
Home Insurance
7%
$312
HOA
7%
$300
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465