This property looks like a bad Mid-Term investment with a projected -14.82% first-year return on $205k initial cash invested.
-14.82%
Cash On Cash
3.14%
Cap Rate
0.5
DSCR
$4,510
Rent
-$2,528
Cashflow
Cash Flow
$4,510 income − $7,038 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,510
Total Expenses
$7,038
Mortgage P&I
104%
$4,676
Property Taxes
12%
$519
Home Insurance
7%
$311
HOA
0%
$0
Property Management
12%
$541
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$496