This property looks like a bad Mid-Term investment with a projected -19.37% first-year return on $203k initial cash invested.
-19.37%
Cash On Cash
2.33%
Cap Rate
0.35
DSCR
$3,706
Rent
-$3,281
Cashflow
Cash Flow
$3,706 income − $6,987 expenses = $3,281 out of pocket
Investment Breakdown
|
Purchase Price
$882k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,823
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,706
Total Expenses
$6,987
Mortgage P&I
131%
$4,849
Property Taxes
14%
$515
Home Insurance
8%
$311
HOA
1%
$52
Property Management
12%
$445
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$408