This property looks like a bad Mid-Term investment with a projected -10.24% first-year return on $202k initial cash invested.
-10.24%
Cash On Cash
4.41%
Cap Rate
0.69
DSCR
$6,216
Rent
-$1,726
Cashflow
Cash Flow
$6,216 income − $7,942 expenses = $1,726 out of pocket
Investment Breakdown
|
Purchase Price
$877k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,772
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,216
Total Expenses
$7,942
Mortgage P&I
76%
$4,704
Property Taxes
12%
$769
Home Insurance
5%
$308
HOA
1%
$47
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$186
Maintenance
4%
$249
Other
11%
$684