This property looks like a bad Mid-Term investment with a projected -15.17% first-year return on $202k initial cash invested.
-15.17%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$5,026
Rent
-$2,550
Cashflow
Cash Flow
$5,026 income − $7,576 expenses = $2,550 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,026
Total Expenses
$7,576
Mortgage P&I
95%
$4,788
Property Taxes
15%
$773
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553