This property looks like a bad Mid-Term investment with a projected -17.03% first-year return on $200k initial cash invested.
-17.03%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$3,768
Rent
-$2,832
Cashflow
Cash Flow
$3,768 income − $6,600 expenses = $2,832 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,647
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,768
Total Expenses
$6,600
Mortgage P&I
117%
$4,419
Property Taxes
16%
$594
Home Insurance
8%
$306
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414