This property looks like a bad Mid-Term investment with a projected -7.29% first-year return on $205k initial cash invested.
-7.29%
Cash On Cash
4.74%
Cap Rate
0.78
DSCR
$6,428
Rent
-$1,246
Cashflow
Cash Flow
$6,428 income − $7,674 expenses = $1,246 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,904
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,428
Total Expenses
$7,674
Mortgage P&I
70%
$4,505
Property Taxes
10%
$669
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$771
CapEx
4%
$257
Vacancy
3%
$193
Maintenance
4%
$257
Other
11%
$707