This property looks like a bad Mid-Term investment with a projected -12.09% first-year return on $202k initial cash invested.
-12.09%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$6,046
Rent
-$2,034
Cashflow
Cash Flow
$6,046 income − $8,080 expenses = $2,034 out of pocket
Investment Breakdown
|
Purchase Price
$876k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,758
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,046
Total Expenses
$8,080
Mortgage P&I
79%
$4,771
Property Taxes
15%
$924
Home Insurance
5%
$329
HOA
0%
$0
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$181
Maintenance
4%
$242
Other
11%
$665