This property looks like a bad Mid-Term investment with a projected -17.78% first-year return on $205k initial cash invested.
-17.78%
Cash On Cash
2.73%
Cap Rate
0.41
DSCR
$3,807
Rent
-$3,033
Cashflow
Cash Flow
$3,807 income − $6,840 expenses = $3,033 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,888
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,807
Total Expenses
$6,840
Mortgage P&I
129%
$4,906
Property Taxes
8%
$320
Home Insurance
8%
$320
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419