This property looks like a bad Mid-Term investment with a projected -12.86% first-year return on $204k initial cash invested.
-12.86%
Cash On Cash
3.51%
Cap Rate
0.57
DSCR
$6,396
Rent
-$2,189
Cashflow
Cash Flow
$6,396 income − $8,585 expenses = $2,189 out of pocket
Investment Breakdown
|
Purchase Price
$887k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,871
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,396
Total Expenses
$8,585
Mortgage P&I
71%
$4,531
Property Taxes
23%
$1,499
Home Insurance
5%
$322
HOA
1%
$57
Property Management
12%
$768
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$704