This property looks like a bad Mid-Term investment with a projected -20.16% first-year return on $202k initial cash invested.
-20.16%
Cash On Cash
2.1%
Cap Rate
0.32
DSCR
$4,204
Rent
-$3,401
Cashflow
Cash Flow
$4,204 income − $7,605 expenses = $3,401 out of pocket
Investment Breakdown
|
Purchase Price
$879k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$176k
Closing costs
1%
$8,785
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,204
Total Expenses
$7,605
Mortgage P&I
114%
$4,773
Property Taxes
26%
$1,079
Home Insurance
8%
$325
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462