This property looks like a bad Mid-Term investment with a projected -10.13% first-year return on $205k initial cash invested.
-10.13%
Cash On Cash
4.44%
Cap Rate
0.69
DSCR
$6,267
Rent
-$1,728
Cashflow
Cash Flow
$6,267 income − $7,995 expenses = $1,728 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,267
Total Expenses
$7,995
Mortgage P&I
76%
$4,768
Property Taxes
13%
$785
Home Insurance
5%
$311
HOA
0%
$0
Property Management
12%
$752
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$689