This property looks like a bad Mid-Term investment with a projected -13.29% first-year return on $203k initial cash invested.
-13.29%
Cash On Cash
3.36%
Cap Rate
0.55
DSCR
$4,738
Rent
-$2,245
Cashflow
Cash Flow
$4,738 income − $6,983 expenses = $2,245 out of pocket
Investment Breakdown
|
Purchase Price
$880k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,799
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,738
Total Expenses
$6,983
Mortgage P&I
95%
$4,521
Property Taxes
11%
$542
Home Insurance
7%
$308
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$521