This property looks like a bad Mid-Term investment with a projected -17.3% first-year return on $205k initial cash invested.
-17.3%
Cash On Cash
2.56%
Cap Rate
0.4
DSCR
$3,543
Rent
-$2,954
Cashflow
Cash Flow
$3,543 income − $6,497 expenses = $2,954 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,899
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,543
Total Expenses
$6,497
Mortgage P&I
133%
$4,711
Property Taxes
10%
$359
Home Insurance
6%
$222
HOA
0%
$0
Property Management
12%
$425
CapEx
4%
$142
Vacancy
3%
$106
Maintenance
4%
$142
Other
11%
$390