This property looks like a bad Mid-Term investment with a projected -9.87% first-year return on $202k initial cash invested.
-9.87%
Cash On Cash
4.45%
Cap Rate
0.7
DSCR
$5,991
Rent
-$1,659
Cashflow
Cash Flow
$5,991 income − $7,650 expenses = $1,659 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,749
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,991
Total Expenses
$7,650
Mortgage P&I
78%
$4,661
Property Taxes
11%
$638
Home Insurance
5%
$313
HOA
0%
$0
Property Management
12%
$719
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$659