This property looks like a bad Mid-Term investment with a projected -13.14% first-year return on $203k initial cash invested.
-13.14%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$5,559
Rent
-$2,226
Cashflow
Cash Flow
$5,559 income − $7,785 expenses = $2,226 out of pocket
Investment Breakdown
|
Purchase Price
$882k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,822
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,559
Total Expenses
$7,785
Mortgage P&I
87%
$4,848
Property Taxes
13%
$733
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$611