This property looks like a bad Mid-Term investment with a projected -11.03% first-year return on $201k initial cash invested.
-11.03%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$6,141
Rent
-$1,845
Cashflow
Cash Flow
$6,141 income − $7,986 expenses = $1,845 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,702
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,141
Total Expenses
$7,986
Mortgage P&I
76%
$4,667
Property Taxes
13%
$826
Home Insurance
5%
$294
HOA
2%
$110
Property Management
12%
$737
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$676