This property looks like a bad Mid-Term investment with a projected -16.76% first-year return on $201k initial cash invested.
-16.76%
Cash On Cash
2.47%
Cap Rate
0.41
DSCR
$4,437
Rent
-$2,807
Cashflow
Cash Flow
$4,437 income − $7,244 expenses = $2,807 out of pocket
Investment Breakdown
|
Purchase Price
$871k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,714
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,437
Total Expenses
$7,244
Mortgage P&I
100%
$4,427
Property Taxes
21%
$953
Home Insurance
7%
$315
HOA
1%
$42
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488