This property looks like a bad Mid-Term investment with a projected -16.04% first-year return on $202k initial cash invested.
-16.04%
Cash On Cash
2.86%
Cap Rate
0.45
DSCR
$3,798
Rent
-$2,696
Cashflow
Cash Flow
$3,798 income − $6,494 expenses = $2,696 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,798
Total Expenses
$6,494
Mortgage P&I
122%
$4,632
Property Taxes
7%
$264
Home Insurance
8%
$306
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418