This property looks like a bad Mid-Term investment with a projected -7.49% first-year return on $198k initial cash invested.
-7.49%
Cash On Cash
4.75%
Cap Rate
0.77
DSCR
$6,040
Rent
-$1,234
Cashflow
Cash Flow
$6,040 income − $7,274 expenses = $1,234 out of pocket
Investment Breakdown
|
Purchase Price
$856k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,557
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,040
Total Expenses
$7,274
Mortgage P&I
72%
$4,377
Property Taxes
9%
$528
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$725
CapEx
4%
$242
Vacancy
3%
$181
Maintenance
4%
$242
Other
11%
$664