This property looks like a bad Mid-Term investment with a projected -11.33% first-year return on $202k initial cash invested.
-11.33%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$6,003
Rent
-$1,906
Cashflow
Cash Flow
$6,003 income − $7,909 expenses = $1,906 out of pocket
Investment Breakdown
|
Purchase Price
$876k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,757
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,003
Total Expenses
$7,909
Mortgage P&I
78%
$4,690
Property Taxes
14%
$847
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$720
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$660