This property looks like a bad Mid-Term investment with a projected -8.84% first-year return on $203k initial cash invested.
-8.84%
Cash On Cash
5.18%
Cap Rate
0.75
DSCR
$6,170
Rent
-$1,496
Cashflow
Cash Flow
$6,170 income − $7,666 expenses = $1,496 out of pocket
Investment Breakdown
|
Purchase Price
$881k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,811
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,170
Total Expenses
$7,666
Mortgage P&I
82%
$5,049
Property Taxes
4%
$230
Home Insurance
5%
$289
HOA
0%
$0
Property Management
12%
$740
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$679