This property looks like a bad Mid-Term investment with a projected -16.44% first-year return on $201k initial cash invested.
-16.44%
Cash On Cash
3.21%
Cap Rate
0.48
DSCR
$4,776
Rent
-$2,755
Cashflow
Cash Flow
$4,776 income − $7,531 expenses = $2,755 out of pocket
Investment Breakdown
|
Purchase Price
$872k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,720
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,776
Total Expenses
$7,531
Mortgage P&I
102%
$4,895
Property Taxes
15%
$708
Home Insurance
6%
$305
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525