This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $203k initial cash invested.
-3.57%
Cash On Cash
5.66%
Cap Rate
0.93
DSCR
$7,030
Rent
-$603
Cashflow
Cash Flow
$7,030 income − $7,633 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$879k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,790
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,030
Total Expenses
$7,633
Mortgage P&I
64%
$4,466
Property Taxes
6%
$454
Home Insurance
4%
$308
HOA
0%
$15
Property Management
12%
$844
CapEx
4%
$281
Vacancy
3%
$211
Maintenance
4%
$281
Other
11%
$773