This property looks like a bad Mid-Term investment with a projected -11.61% first-year return on $206k initial cash invested.
-11.61%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$5,974
Rent
-$1,996
Cashflow
Cash Flow
$5,974 income − $7,970 expenses = $1,996 out of pocket
Investment Breakdown
|
Purchase Price
$897k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,970
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,974
Total Expenses
$7,970
Mortgage P&I
83%
$4,938
Property Taxes
12%
$716
Home Insurance
5%
$285
HOA
0%
$0
Property Management
12%
$717
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$657