This property looks like a bad Mid-Term investment with a projected -7.76% first-year return on $201k initial cash invested.
-7.76%
Cash On Cash
4.85%
Cap Rate
0.77
DSCR
$6,008
Rent
-$1,301
Cashflow
Cash Flow
$6,008 income − $7,309 expenses = $1,301 out of pocket
Investment Breakdown
|
Purchase Price
$872k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,723
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,008
Total Expenses
$7,309
Mortgage P&I
76%
$4,588
Property Taxes
6%
$366
Home Insurance
5%
$313
HOA
0%
$0
Property Management
12%
$721
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$661