This property looks like a bad Mid-Term investment with a projected -9.59% first-year return on $205k initial cash invested.
-9.59%
Cash On Cash
4.27%
Cap Rate
0.7
DSCR
$6,399
Rent
-$1,636
Cashflow
Cash Flow
$6,399 income − $8,035 expenses = $1,636 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,896
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,399
Total Expenses
$8,035
Mortgage P&I
71%
$4,544
Property Taxes
16%
$1,007
Home Insurance
5%
$308
HOA
0%
$0
Property Management
12%
$768
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$704