This property looks like a bad Mid-Term investment with a projected -7.9% first-year return on $198k initial cash invested.
-7.9%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$6,752
Rent
-$1,306
Cashflow
Cash Flow
$6,752 income − $8,058 expenses = $1,306 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,594
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,752
Total Expenses
$8,058
Mortgage P&I
69%
$4,631
Property Taxes
12%
$834
Home Insurance
4%
$297
HOA
0%
$0
Property Management
12%
$810
CapEx
4%
$270
Vacancy
3%
$203
Maintenance
4%
$270
Other
11%
$743