This property looks like a bad Mid-Term investment with a projected -10.48% first-year return on $202k initial cash invested.
-10.48%
Cash On Cash
4.41%
Cap Rate
0.68
DSCR
$6,165
Rent
-$1,769
Cashflow
Cash Flow
$6,165 income − $7,934 expenses = $1,769 out of pocket
Investment Breakdown
|
Purchase Price
$878k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$176k
Closing costs
1%
$8,784
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,165
Total Expenses
$7,934
Mortgage P&I
77%
$4,749
Property Taxes
6%
$394
Home Insurance
5%
$324
HOA
6%
$370
Property Management
12%
$740
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$678