This property looks like a bad Mid-Term investment with a projected -12.05% first-year return on $203k initial cash invested.
-12.05%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$5,600
Rent
-$2,035
Cashflow
Cash Flow
$5,600 income − $7,635 expenses = $2,035 out of pocket
Investment Breakdown
|
Purchase Price
$879k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,790
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,600
Total Expenses
$7,635
Mortgage P&I
84%
$4,683
Property Taxes
13%
$740
Home Insurance
6%
$308
HOA
0%
$0
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616