This property looks like a bad Mid-Term investment with a projected -12.66% first-year return on $202k initial cash invested.
-12.66%
Cash On Cash
3.84%
Cap Rate
0.6
DSCR
$5,828
Rent
-$2,130
Cashflow
Cash Flow
$5,828 income − $7,958 expenses = $2,130 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.1%
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
$5,828
Total Expenses
$7,958
Mortgage P&I
81%
$4,696
Property Taxes
14%
$833
Home Insurance
8%
$448
HOA
0%
$0
Property Management
12%
$699
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$641