This property looks like a bad Mid-Term investment with a projected -10.08% first-year return on $198k initial cash invested.
-10.08%
Cash On Cash
4.59%
Cap Rate
0.7
DSCR
$5,988
Rent
-$1,661
Cashflow
Cash Flow
$5,988 income − $7,649 expenses = $1,661 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%
$8,557
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,988
Total Expenses
$7,649
Mortgage P&I
78%
$4,696
Property Taxes
10%
$600
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$719
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$659