This property looks like a bad Mid-Term investment with a projected -10.44% first-year return on $203k initial cash invested.
-10.44%
Cash On Cash
4%
Cap Rate
0.66
DSCR
$5,787
Rent
-$1,765
Cashflow
Cash Flow
$5,787 income − $7,552 expenses = $1,765 out of pocket
Investment Breakdown
|
Purchase Price
$880k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,799
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,787
Total Expenses
$7,552
Mortgage P&I
77%
$4,466
Property Taxes
14%
$811
Home Insurance
5%
$308
HOA
0%
$0
Property Management
12%
$694
CapEx
4%
$231
Vacancy
3%
$174
Maintenance
4%
$231
Other
11%
$637