This property looks like a bad Mid-Term investment with a projected -21.9% first-year return on $202k initial cash invested.
-21.9%
Cash On Cash
1.56%
Cap Rate
0.24
DSCR
$2,464
Rent
-$3,678
Cashflow
Cash Flow
$2,464 income − $6,142 expenses = $3,678 out of pocket
Investment Breakdown
|
Purchase Price
$874k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,739
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,464
Total Expenses
$6,142
Mortgage P&I
191%
$4,712
Property Taxes
11%
$278
Home Insurance
13%
$313
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271