This property looks like a bad Mid-Term investment with a projected -12.93% first-year return on $201k initial cash invested.
-12.93%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$5,162
Rent
-$2,163
Cashflow
Cash Flow
$5,162 income − $7,325 expenses = $2,163 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,703
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,162
Total Expenses
$7,325
Mortgage P&I
91%
$4,686
Property Taxes
10%
$530
Home Insurance
5%
$276
HOA
2%
$79
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$568