This property looks like a bad Mid-Term investment with a projected -4.2% first-year return on $202k initial cash invested.
-4.2%
Cash On Cash
5.44%
Cap Rate
0.91
DSCR
$7,976
Rent
-$706
Cashflow
Cash Flow
$7,976 income − $8,682 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,753
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,976
Total Expenses
$8,682
Mortgage P&I
55%
$4,352
Property Taxes
16%
$1,313
Home Insurance
4%
$306
HOA
0%
$0
Property Management
12%
$957
CapEx
4%
$319
Vacancy
3%
$239
Maintenance
4%
$319
Other
11%
$877