This property looks like a bad Mid-Term investment with a projected -12.88% first-year return on $201k initial cash invested.
-12.88%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$5,703
Rent
-$2,154
Cashflow
Cash Flow
$5,703 income − $7,857 expenses = $2,154 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,699
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,703
Total Expenses
$7,857
Mortgage P&I
78%
$4,433
Property Taxes
21%
$1,182
Home Insurance
5%
$304
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627