This property looks like a bad Mid-Term investment with a projected -18.03% first-year return on $205k initial cash invested.
-18.03%
Cash On Cash
2.59%
Cap Rate
0.4
DSCR
$3,459
Rent
-$3,074
Cashflow
Cash Flow
$3,459 income − $6,533 expenses = $3,074 out of pocket
Investment Breakdown
|
Purchase Price
$888k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,884
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,459
Total Expenses
$6,533
Mortgage P&I
140%
$4,854
Property Taxes
5%
$172
Home Insurance
10%
$332
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380