This property looks like a bad Mid-Term investment with a projected -21.34% first-year return on $202k initial cash invested.
-21.34%
Cash On Cash
1.65%
Cap Rate
0.26
DSCR
$2,445
Rent
-$3,588
Cashflow
Cash Flow
$2,445 income − $6,033 expenses = $3,588 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,445
Total Expenses
$6,033
Mortgage P&I
192%
$4,696
Property Taxes
8%
$200
Home Insurance
13%
$306
HOA
0%
$0
Property Management
12%
$293
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269