This property looks like a bad Mid-Term investment with a projected -10.91% first-year return on $201k initial cash invested.
-10.91%
Cash On Cash
4.52%
Cap Rate
0.67
DSCR
$5,850
Rent
-$1,825
Cashflow
Cash Flow
$5,850 income − $7,675 expenses = $1,825 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,700
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,850
Total Expenses
$7,675
Mortgage P&I
83%
$4,866
Property Taxes
9%
$515
Home Insurance
5%
$304
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644