This property looks like a bad Mid-Term investment with a projected -11.88% first-year return on $202k initial cash invested.
-11.88%
Cash On Cash
3.64%
Cap Rate
0.6
DSCR
$4,839
Rent
-$1,998
Cashflow
Cash Flow
$4,839 income − $6,837 expenses = $1,998 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,839
Total Expenses
$6,837
Mortgage P&I
92%
$4,459
Property Taxes
9%
$426
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$581
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$532