This property looks like a bad Mid-Term investment with a projected -13.86% first-year return on $204k initial cash invested.
-13.86%
Cash On Cash
3.77%
Cap Rate
0.57
DSCR
$6,528
Rent
-$2,351
Cashflow
Cash Flow
$6,528 income − $8,879 expenses = $2,351 out of pocket
Investment Breakdown
|
Purchase Price
$884k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,836
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,528
Total Expenses
$8,879
Mortgage P&I
75%
$4,864
Property Taxes
10%
$622
Home Insurance
5%
$304
HOA
13%
$870
Property Management
12%
$783
CapEx
4%
$261
Vacancy
3%
$196
Maintenance
4%
$261
Other
11%
$718