This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $206k initial cash invested.
-8.24%
Cash On Cash
4.56%
Cap Rate
0.75
DSCR
$6,518
Rent
-$1,413
Cashflow
Cash Flow
$6,518 income − $7,931 expenses = $1,413 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%
$8,938
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,518
Total Expenses
$7,931
Mortgage P&I
70%
$4,547
Property Taxes
13%
$852
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$782
CapEx
4%
$261
Vacancy
3%
$196
Maintenance
4%
$261
Other
11%
$717