This property looks like a bad Mid-Term investment with a projected -9.36% first-year return on $205k initial cash invested.
-9.36%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$6,684
Rent
-$1,600
Cashflow
Cash Flow
$6,684 income − $8,284 expenses = $1,600 out of pocket
Investment Breakdown
|
Purchase Price
$892k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,915
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,684
Total Expenses
$8,284
Mortgage P&I
72%
$4,839
Property Taxes
13%
$858
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$201
Maintenance
4%
$267
Other
11%
$735