This property looks like a bad Mid-Term investment with a projected -11.64% first-year return on $201k initial cash invested.
-11.64%
Cash On Cash
4.21%
Cap Rate
0.64
DSCR
$5,344
Rent
-$1,946
Cashflow
Cash Flow
$5,344 income − $7,290 expenses = $1,946 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,700
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,344
Total Expenses
$7,290
Mortgage P&I
89%
$4,781
Property Taxes
7%
$377
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588