This property looks like a bad Mid-Term investment with a projected -4.31% first-year return on $206k initial cash invested.
-4.31%
Cash On Cash
5.94%
Cap Rate
0.91
DSCR
$8,040
Rent
-$740
Cashflow
Cash Flow
$8,040 income − $8,780 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$896k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,959
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,040
Total Expenses
$8,780
Mortgage P&I
60%
$4,855
Property Taxes
11%
$876
Home Insurance
4%
$315
HOA
0%
$0
Property Management
12%
$965
CapEx
4%
$322
Vacancy
3%
$241
Maintenance
4%
$322
Other
11%
$884