This property looks like a bad Mid-Term investment with a projected -7.95% first-year return on $208k initial cash invested.
-7.95%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$7,881
Rent
-$1,376
Cashflow
Cash Flow
$7,881 income − $9,257 expenses = $1,376 out of pocket
Investment Breakdown
|
Purchase Price
$904k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$181k
Closing costs
1%
$9,037
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,881
Total Expenses
$9,257
Mortgage P&I
62%
$4,915
Property Taxes
17%
$1,355
Home Insurance
4%
$308
HOA
0%
$0
Property Management
12%
$946
CapEx
4%
$315
Vacancy
3%
$236
Maintenance
4%
$315
Other
11%
$867