This property looks like a bad Mid-Term investment with a projected -13.25% first-year return on $202k initial cash invested.
-13.25%
Cash On Cash
3.36%
Cap Rate
0.55
DSCR
$4,953
Rent
-$2,230
Cashflow
Cash Flow
$4,953 income − $7,183 expenses = $2,230 out of pocket
Investment Breakdown
|
Purchase Price
$876k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,759
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,953
Total Expenses
$7,183
Mortgage P&I
91%
$4,487
Property Taxes
14%
$697
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$545