This property looks like a bad Mid-Term investment with a projected -11.97% first-year return on $199k initial cash invested.
-11.97%
Cash On Cash
3.78%
Cap Rate
0.61
DSCR
$5,637
Rent
-$1,983
Cashflow
Cash Flow
$5,637 income − $7,620 expenses = $1,983 out of pocket
Investment Breakdown
|
Purchase Price
$861k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,608
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,637
Total Expenses
$7,620
Mortgage P&I
79%
$4,471
Property Taxes
14%
$807
Home Insurance
5%
$306
HOA
2%
$121
Property Management
12%
$676
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$620