This property looks like a bad Mid-Term investment with a projected -6.79% first-year return on $202k initial cash invested.
-6.79%
Cash On Cash
4.89%
Cap Rate
0.8
DSCR
$6,630
Rent
-$1,141
Cashflow
Cash Flow
$6,630 income − $7,771 expenses = $1,141 out of pocket
Investment Breakdown
|
Purchase Price
$874k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,741
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,630
Total Expenses
$7,771
Mortgage P&I
67%
$4,436
Property Taxes
12%
$819
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$796
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$729