This property looks like a bad Mid-Term investment with a projected -7.57% first-year return on $202k initial cash invested.
-7.57%
Cash On Cash
4.75%
Cap Rate
0.77
DSCR
$6,036
Rent
-$1,272
Cashflow
Cash Flow
$6,036 income − $7,308 expenses = $1,272 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.7%
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
$6,036
Total Expenses
$7,308
Mortgage P&I
75%
$4,498
Property Taxes
5%
$328
Home Insurance
5%
$306
HOA
2%
$125
Property Management
12%
$724
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$664