This property looks like a bad Mid-Term investment with a projected -12.19% first-year return on $202k initial cash invested.
-12.19%
Cash On Cash
4.07%
Cap Rate
0.62
DSCR
$5,781
Rent
-$2,056
Cashflow
Cash Flow
$5,781 income − $7,837 expenses = $2,056 out of pocket
Investment Breakdown
|
Purchase Price
$878k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$176k
Closing costs
1%
$8,781
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,781
Total Expenses
$7,837
Mortgage P&I
83%
$4,805
Property Taxes
14%
$787
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$694
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$636