This property looks like a bad Mid-Term investment with a projected -20.74% first-year return on $205k initial cash invested.
-20.74%
Cash On Cash
2.08%
Cap Rate
0.31
DSCR
$3,351
Rent
-$3,544
Cashflow
Cash Flow
$3,351 income − $6,895 expenses = $3,544 out of pocket
Investment Breakdown
|
Purchase Price
$891k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,907
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,351
Total Expenses
$6,895
Mortgage P&I
148%
$4,954
Property Taxes
14%
$477
Home Insurance
10%
$324
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369