This property looks like a bad Mid-Term investment with a projected -11.66% first-year return on $206k initial cash invested.
-11.66%
Cash On Cash
3.71%
Cap Rate
0.61
DSCR
$5,900
Rent
-$1,998
Cashflow
Cash Flow
$5,900 income − $7,898 expenses = $1,998 out of pocket
Investment Breakdown
|
Purchase Price
$893k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,934
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,900
Total Expenses
$7,898
Mortgage P&I
77%
$4,525
Property Taxes
18%
$1,035
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$708
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$649