This property looks like a bad Mid-Term investment with a projected -14.08% first-year return on $205k initial cash invested.
-14.08%
Cash On Cash
3.48%
Cap Rate
0.54
DSCR
$5,520
Rent
-$2,401
Cashflow
Cash Flow
$5,520 income − $7,921 expenses = $2,401 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,887
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,520
Total Expenses
$7,921
Mortgage P&I
86%
$4,759
Property Taxes
17%
$937
Home Insurance
6%
$348
HOA
0%
$0
Property Management
12%
$662
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$607