This property looks like a bad Mid-Term investment with a projected -14.25% first-year return on $205k initial cash invested.
-14.25%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$6,225
Rent
-$2,433
Cashflow
Cash Flow
$6,225 income − $8,658 expenses = $2,433 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,901
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,225
Total Expenses
$8,658
Mortgage P&I
79%
$4,923
Property Taxes
21%
$1,305
Home Insurance
5%
$313
HOA
0%
$0
Property Management
12%
$747
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685