This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $206k initial cash invested.
-11.53%
Cash On Cash
3.8%
Cap Rate
0.62
DSCR
$5,620
Rent
-$1,975
Cashflow
Cash Flow
$5,620 income − $7,595 expenses = $1,975 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,935
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,620
Total Expenses
$7,595
Mortgage P&I
82%
$4,582
Property Taxes
14%
$780
Home Insurance
6%
$322
HOA
0%
$0
Property Management
12%
$674
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618