This property looks like a bad Mid-Term investment with a projected -20.12% first-year return on $202k initial cash invested.
-20.12%
Cash On Cash
1.82%
Cap Rate
0.29
DSCR
$2,726
Rent
-$3,382
Cashflow
Cash Flow
$2,726 income − $6,108 expenses = $3,382 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,726
Total Expenses
$6,108
Mortgage P&I
169%
$4,601
Property Taxes
10%
$274
Home Insurance
11%
$306
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300