This property looks like a bad Mid-Term investment with a projected -10.21% first-year return on $202k initial cash invested.
-10.21%
Cash On Cash
4.05%
Cap Rate
0.66
DSCR
$5,660
Rent
-$1,716
Cashflow
Cash Flow
$5,660 income − $7,376 expenses = $1,716 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,660
Total Expenses
$7,376
Mortgage P&I
78%
$4,442
Property Taxes
12%
$704
Home Insurance
5%
$306
HOA
0%
$0
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$623