This property looks like a bad Mid-Term investment with a projected -11.44% first-year return on $203k initial cash invested.
-11.44%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$6,182
Rent
-$1,940
Cashflow
Cash Flow
$6,182 income − $8,122 expenses = $1,940 out of pocket
Investment Breakdown
|
Purchase Price
$883k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$177k
Closing costs
1%
$8,833
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,182
Total Expenses
$8,122
Mortgage P&I
78%
$4,804
Property Taxes
15%
$898
Home Insurance
5%
$313
HOA
0%
$6
Property Management
12%
$742
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$680