This property looks like a bad Mid-Term investment with a projected -12.97% first-year return on $202k initial cash invested.
-12.97%
Cash On Cash
3.97%
Cap Rate
0.59
DSCR
$5,126
Rent
-$2,181
Cashflow
Cash Flow
$5,126 income − $7,307 expenses = $2,181 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.5%
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
$5,126
Total Expenses
$7,307
Mortgage P&I
95%
$4,868
Property Taxes
8%
$390
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564