This property looks like a bad Mid-Term investment with a projected -20.29% first-year return on $202k initial cash invested.
-20.29%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$2,978
Rent
-$3,416
Cashflow
Cash Flow
$2,978 income − $6,394 expenses = $3,416 out of pocket
Investment Breakdown
|
Purchase Price
$876k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,761
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,978
Total Expenses
$6,394
Mortgage P&I
149%
$4,448
Property Taxes
21%
$620
Home Insurance
11%
$314
HOA
0%
$0
Property Management
12%
$357
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$328