This property looks like a bad Mid-Term investment with a projected -8.83% first-year return on $201k initial cash invested.
-8.83%
Cash On Cash
4.48%
Cap Rate
0.72
DSCR
$5,967
Rent
-$1,477
Cashflow
Cash Flow
$5,967 income − $7,444 expenses = $1,477 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,699
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,967
Total Expenses
$7,444
Mortgage P&I
75%
$4,488
Property Taxes
10%
$623
Home Insurance
5%
$304
HOA
0%
$0
Property Management
12%
$716
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$656