This property looks like a bad Mid-Term investment with a projected -10.28% first-year return on $205k initial cash invested.
-10.28%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$5,691
Rent
-$1,757
Cashflow
Cash Flow
$5,691 income − $7,448 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$891k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,909
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,691
Total Expenses
$7,448
Mortgage P&I
86%
$4,870
Property Taxes
5%
$310
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$683
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$626