This property looks like a bad Mid-Term investment with a projected -15.51% first-year return on $202k initial cash invested.
-15.51%
Cash On Cash
3.3%
Cap Rate
0.5
DSCR
$5,832
Rent
-$2,609
Cashflow
Cash Flow
$5,832 income − $8,441 expenses = $2,609 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,754
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,832
Total Expenses
$8,441
Mortgage P&I
82%
$4,783
Property Taxes
21%
$1,221
Home Insurance
8%
$454
HOA
0%
$0
Property Management
12%
$700
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$642