This property looks like a bad Mid-Term investment with a projected -4.64% first-year return on $204k initial cash invested.
-4.64%
Cash On Cash
5.34%
Cap Rate
0.88
DSCR
$6,816
Rent
-$789
Cashflow
Cash Flow
$6,816 income − $7,605 expenses = $789 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,854
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,816
Total Expenses
$7,605
Mortgage P&I
65%
$4,458
Property Taxes
7%
$505
Home Insurance
5%
$324
HOA
0%
$0
Property Management
12%
$818
CapEx
4%
$273
Vacancy
3%
$204
Maintenance
4%
$273
Other
11%
$750