This property looks like a bad Mid-Term investment with a projected -15.27% first-year return on $204k initial cash invested.
-15.27%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$5,168
Rent
-$2,593
Cashflow
Cash Flow
$5,168 income − $7,761 expenses = $2,593 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,848
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,168
Total Expenses
$7,761
Mortgage P&I
93%
$4,804
Property Taxes
17%
$885
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568