This property looks like a bad Mid-Term investment with a projected -7.41% first-year return on $202k initial cash invested.
-7.41%
Cash On Cash
4.85%
Cap Rate
0.78
DSCR
$6,885
Rent
-$1,245
Cashflow
Cash Flow
$6,885 income − $8,130 expenses = $1,245 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.7%
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
$6,885
Total Expenses
$8,130
Mortgage P&I
65%
$4,504
Property Taxes
14%
$980
Home Insurance
4%
$306
HOA
0%
$0
Property Management
12%
$826
CapEx
4%
$275
Vacancy
3%
$207
Maintenance
4%
$275
Other
11%
$757