This property looks like a bad Mid-Term investment with a projected -13.05% first-year return on $204k initial cash invested.
-13.05%
Cash On Cash
3.81%
Cap Rate
0.59
DSCR
$6,057
Rent
-$2,219
Cashflow
Cash Flow
$6,057 income − $8,276 expenses = $2,219 out of pocket
Investment Breakdown
|
Purchase Price
$886k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,859
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,057
Total Expenses
$8,276
Mortgage P&I
79%
$4,790
Property Taxes
18%
$1,114
Home Insurance
5%
$313
HOA
0%
$0
Property Management
12%
$727
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666