This property looks like a bad Mid-Term investment with a projected -18.93% first-year return on $205k initial cash invested.
-18.93%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$3,506
Rent
-$3,228
Cashflow
Cash Flow
$3,506 income − $6,734 expenses = $3,228 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%
$8,888
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,506
Total Expenses
$6,734
Mortgage P&I
139%
$4,858
Property Taxes
10%
$360
Home Insurance
9%
$324
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386