This property looks like a bad Mid-Term investment with a projected -19.78% first-year return on $206k initial cash invested.
-19.78%
Cash On Cash
1.94%
Cap Rate
0.31
DSCR
$2,742
Rent
-$3,394
Cashflow
Cash Flow
$2,742 income − $6,136 expenses = $3,394 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,949
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,742
Total Expenses
$6,136
Mortgage P&I
173%
$4,730
Property Taxes
5%
$149
Home Insurance
12%
$324
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302