This property looks like a bad Mid-Term investment with a projected -10.12% first-year return on $198k initial cash invested.
-10.12%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$6,231
Rent
-$1,673
Cashflow
Cash Flow
$6,231 income − $7,904 expenses = $1,673 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,231
Total Expenses
$7,904
Mortgage P&I
74%
$4,640
Property Taxes
14%
$845
Home Insurance
5%
$301
HOA
0%
$0
Property Management
12%
$748
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$685