This property looks like a bad Mid-Term investment with a projected -13.1% first-year return on $199k initial cash invested.
-13.1%
Cash On Cash
3.29%
Cap Rate
0.54
DSCR
$4,456
Rent
-$2,168
Cashflow
Cash Flow
$4,456 income − $6,624 expenses = $2,168 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,599
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,456
Total Expenses
$6,624
Mortgage P&I
98%
$4,347
Property Taxes
10%
$461
Home Insurance
7%
$301
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490