This property looks like a bad Mid-Term investment with a projected -11.91% first-year return on $202k initial cash invested.
-11.91%
Cash On Cash
4.02%
Cap Rate
0.63
DSCR
$6,298
Rent
-$2,001
Cashflow
Cash Flow
$6,298 income − $8,299 expenses = $2,001 out of pocket
Investment Breakdown
|
Purchase Price
$874k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,740
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,298
Total Expenses
$8,299
Mortgage P&I
74%
$4,680
Property Taxes
12%
$772
Home Insurance
5%
$306
HOA
6%
$399
Property Management
12%
$756
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$693