This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $206k initial cash invested.
-7.55%
Cash On Cash
5.26%
Cap Rate
0.79
DSCR
$6,306
Rent
-$1,295
Cashflow
Cash Flow
$6,306 income − $7,601 expenses = $1,295 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,306
Total Expenses
$7,601
Mortgage P&I
79%
$4,966
Property Taxes
3%
$178
Home Insurance
5%
$313
HOA
0%
$0
Property Management
12%
$757
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$694