This property looks like a bad Mid-Term investment with a projected -16.13% first-year return on $204k initial cash invested.
-16.13%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$4,923
Rent
-$2,748
Cashflow
Cash Flow
$4,923 income − $7,671 expenses = $2,748 out of pocket
Investment Breakdown
|
Purchase Price
$888k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$178k
Closing costs
1%
$8,880
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,923
Total Expenses
$7,671
Mortgage P&I
98%
$4,812
Property Taxes
18%
$873
Home Insurance
6%
$311
HOA
0%
$0
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$542