This property looks like a bad Mid-Term investment with a projected -10.33% first-year return on $204k initial cash invested.
-10.33%
Cash On Cash
4.09%
Cap Rate
0.66
DSCR
$5,562
Rent
-$1,757
Cashflow
Cash Flow
$5,562 income − $7,319 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$886k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,864
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,562
Total Expenses
$7,319
Mortgage P&I
82%
$4,555
Property Taxes
10%
$559
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$612