This property looks like a bad Mid-Term investment with a projected -13.09% first-year return on $203k initial cash invested.
-13.09%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$6,225
Rent
-$2,218
Cashflow
Cash Flow
$6,225 income − $8,443 expenses = $2,218 out of pocket
Investment Breakdown
|
Purchase Price
$882k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,823
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,225
Total Expenses
$8,443
Mortgage P&I
78%
$4,841
Property Taxes
19%
$1,176
Home Insurance
5%
$309
HOA
0%
$0
Property Management
12%
$747
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685