This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $202k initial cash invested.
-6.57%
Cash On Cash
5%
Cap Rate
0.81
DSCR
$6,399
Rent
-$1,107
Cashflow
Cash Flow
$6,399 income − $7,506 expenses = $1,107 out of pocket
Investment Breakdown
|
Purchase Price
$877k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,765
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,399
Total Expenses
$7,506
Mortgage P&I
70%
$4,504
Property Taxes
8%
$516
Home Insurance
5%
$310
HOA
0%
$0
Property Management
12%
$768
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$704