This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $204k initial cash invested.
-11.93%
Cash On Cash
3.62%
Cap Rate
0.59
DSCR
$5,176
Rent
-$2,026
Cashflow
Cash Flow
$5,176 income − $7,202 expenses = $2,026 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,850
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,176
Total Expenses
$7,202
Mortgage P&I
87%
$4,489
Property Taxes
12%
$644
Home Insurance
6%
$310
HOA
0%
$0
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569