This property looks like a bad Mid-Term investment with a projected -11.95% first-year return on $206k initial cash invested.
-11.95%
Cash On Cash
3.59%
Cap Rate
0.59
DSCR
$5,096
Rent
-$2,050
Cashflow
Cash Flow
$5,096 income − $7,146 expenses = $2,050 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,942
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,096
Total Expenses
$7,146
Mortgage P&I
89%
$4,522
Property Taxes
11%
$567
Home Insurance
6%
$313
HOA
0%
$10
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561