This property looks like a bad Mid-Term investment with a projected -4.4% first-year return on $202k initial cash invested.
-4.4%
Cash On Cash
5.35%
Cap Rate
0.89
DSCR
$6,800
Rent
-$739
Cashflow
Cash Flow
$6,800 income − $7,539 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,749
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,800
Total Expenses
$7,539
Mortgage P&I
64%
$4,366
Property Taxes
9%
$581
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$816
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$748