This property looks like a bad Mid-Term investment with a projected -6.78% first-year return on $205k initial cash invested.
-6.78%
Cash On Cash
4.91%
Cap Rate
0.81
DSCR
$7,095
Rent
-$1,160
Cashflow
Cash Flow
$7,095 income − $8,255 expenses = $1,160 out of pocket
Investment Breakdown
|
Purchase Price
$893k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$179k
Closing costs
1%
$8,926
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,095
Total Expenses
$8,255
Mortgage P&I
64%
$4,529
Property Taxes
11%
$754
Home Insurance
5%
$327
HOA
3%
$233
Property Management
12%
$851
CapEx
4%
$284
Vacancy
3%
$213
Maintenance
4%
$284
Other
11%
$780