This property looks like a bad Mid-Term investment with a projected -11.11% first-year return on $200k initial cash invested.
-11.11%
Cash On Cash
3.96%
Cap Rate
0.64
DSCR
$5,744
Rent
-$1,850
Cashflow
Cash Flow
$5,744 income − $7,594 expenses = $1,850 out of pocket
Investment Breakdown
|
Purchase Price
$866k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,661
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,744
Total Expenses
$7,594
Mortgage P&I
78%
$4,476
Property Taxes
15%
$857
Home Insurance
5%
$308
HOA
0%
$0
Property Management
12%
$689
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$632