This property looks like a bad Mid-Term investment with a projected -16.25% first-year return on $205k initial cash invested.
-16.25%
Cash On Cash
3.03%
Cap Rate
0.46
DSCR
$4,266
Rent
-$2,775
Cashflow
Cash Flow
$4,266 income − $7,041 expenses = $2,775 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,899
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,266
Total Expenses
$7,041
Mortgage P&I
114%
$4,852
Property Taxes
10%
$426
Home Insurance
7%
$312
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$469