This property looks like a bad Mid-Term investment with a projected -14.99% first-year return on $203k initial cash invested.
-14.99%
Cash On Cash
3.39%
Cap Rate
0.51
DSCR
$4,660
Rent
-$2,533
Cashflow
Cash Flow
$4,660 income − $7,193 expenses = $2,533 out of pocket
Investment Breakdown
|
Purchase Price
$880k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,800
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,660
Total Expenses
$7,193
Mortgage P&I
104%
$4,836
Property Taxes
10%
$458
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$513