This property looks like a bad Mid-Term investment with a projected -15.07% first-year return on $198k initial cash invested.
-15.07%
Cash On Cash
3.58%
Cap Rate
0.53
DSCR
$5,052
Rent
-$2,491
Cashflow
Cash Flow
$5,052 income − $7,543 expenses = $2,491 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.6%
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
$5,052
Total Expenses
$7,543
Mortgage P&I
96%
$4,849
Property Taxes
13%
$675
Home Insurance
6%
$301
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556