This property looks like a bad Mid-Term investment with a projected -16.04% first-year return on $206k initial cash invested.
-16.04%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$5,044
Rent
-$2,749
Cashflow
Cash Flow
$5,044 income − $7,793 expenses = $2,749 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,939
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,044
Total Expenses
$7,793
Mortgage P&I
96%
$4,852
Property Taxes
18%
$908
Home Insurance
6%
$318
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555