This property looks like a bad Mid-Term investment with a projected -13.38% first-year return on $203k initial cash invested.
-13.38%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$5,082
Rent
-$2,263
Cashflow
Cash Flow
$5,082 income − $7,345 expenses = $2,263 out of pocket
Investment Breakdown
|
Purchase Price
$881k
Downpayment
20.0%
Interest Rate
6.6%
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
$5,082
Total Expenses
$7,345
Mortgage P&I
88%
$4,486
Property Taxes
16%
$817
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559