This property looks like a bad Mid-Term investment with a projected -15.54% first-year return on $198k initial cash invested.
-15.54%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$4,860
Rent
-$2,562
Cashflow
Cash Flow
$4,860 income − $7,422 expenses = $2,562 out of pocket
Investment Breakdown
|
Purchase Price
$856k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,564
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,860
Total Expenses
$7,422
Mortgage P&I
97%
$4,711
Property Taxes
15%
$744
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$583
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$535