This property looks like a bad Mid-Term investment with a projected -17.57% first-year return on $202k initial cash invested.
-17.57%
Cash On Cash
2.36%
Cap Rate
0.38
DSCR
$5,050
Rent
-$2,953
Cashflow
Cash Flow
$5,050 income − $8,003 expenses = $2,953 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%
$8,749
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,050
Total Expenses
$8,003
Mortgage P&I
89%
$4,469
Property Taxes
30%
$1,510
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556