This property looks like a bad Mid-Term investment with a projected -14.22% first-year return on $201k initial cash invested.
-14.22%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$5,332
Rent
-$2,381
Cashflow
Cash Flow
$5,332 income − $7,713 expenses = $2,381 out of pocket
Investment Breakdown
|
Purchase Price
$871k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,709
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,332
Total Expenses
$7,713
Mortgage P&I
89%
$4,766
Property Taxes
16%
$836
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587