This property looks like a bad Mid-Term investment with a projected -12.2% first-year return on $204k initial cash invested.
-12.2%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$5,660
Rent
-$2,073
Cashflow
Cash Flow
$5,660 income − $7,733 expenses = $2,073 out of pocket
Investment Breakdown
|
Purchase Price
$886k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,855
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,660
Total Expenses
$7,733
Mortgage P&I
85%
$4,802
Property Taxes
12%
$694
Home Insurance
6%
$313
HOA
0%
$0
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$623