This property looks like a bad Mid-Term investment with a projected -7.91% first-year return on $198k initial cash invested.
-7.91%
Cash On Cash
5.32%
Cap Rate
0.79
DSCR
$6,939
Rent
-$1,303
Cashflow
Cash Flow
$6,939 income − $8,242 expenses = $1,303 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,550
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,939
Total Expenses
$8,242
Mortgage P&I
69%
$4,815
Property Taxes
11%
$768
Home Insurance
4%
$299
HOA
0%
$0
Property Management
12%
$833
CapEx
4%
$278
Vacancy
3%
$208
Maintenance
4%
$278
Other
11%
$763