This property looks like a bad Mid-Term investment with a projected -15.2% first-year return on $201k initial cash invested.
-15.2%
Cash On Cash
3.29%
Cap Rate
0.51
DSCR
$5,276
Rent
-$2,548
Cashflow
Cash Flow
$5,276 income − $7,824 expenses = $2,548 out of pocket
Investment Breakdown
|
Purchase Price
$872k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,722
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,276
Total Expenses
$7,824
Mortgage P&I
90%
$4,731
Property Taxes
18%
$959
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$580