This property looks like a bad Mid-Term investment with a projected -13.01% first-year return on $202k initial cash invested.
-13.01%
Cash On Cash
3.7%
Cap Rate
0.58
DSCR
$5,476
Rent
-$2,188
Cashflow
Cash Flow
$5,476 income − $7,664 expenses = $2,188 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%
$8,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,476
Total Expenses
$7,664
Mortgage P&I
85%
$4,666
Property Taxes
15%
$831
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602