This property looks like a bad Mid-Term investment with a projected -5.8% first-year return on $205k initial cash invested.
-5.8%
Cash On Cash
5.64%
Cap Rate
0.86
DSCR
$7,791
Rent
-$989
Cashflow
Cash Flow
$7,791 income − $8,780 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,889
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,791
Total Expenses
$8,780
Mortgage P&I
62%
$4,857
Property Taxes
12%
$960
Home Insurance
4%
$313
HOA
0%
$0
Property Management
12%
$935
CapEx
4%
$312
Vacancy
3%
$234
Maintenance
4%
$312
Other
11%
$857