This property looks like a bad Mid-Term investment with a projected -13.16% first-year return on $203k initial cash invested.
-13.16%
Cash On Cash
3.84%
Cap Rate
0.59
DSCR
$5,696
Rent
-$2,226
Cashflow
Cash Flow
$5,696 income − $7,922 expenses = $2,226 out of pocket
Investment Breakdown
|
Purchase Price
$881k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,805
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,696
Total Expenses
$7,922
Mortgage P&I
85%
$4,818
Property Taxes
15%
$860
Home Insurance
5%
$306
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627