This property looks like a bad Mid-Term investment with a projected -9.8% first-year return on $200k initial cash invested.
-9.8%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$6,477
Rent
-$1,637
Cashflow
Cash Flow
$6,477 income − $8,114 expenses = $1,637 out of pocket
Investment Breakdown
|
Purchase Price
$869k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$174k
Closing costs
1%
$8,690
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,477
Total Expenses
$8,114
Mortgage P&I
73%
$4,755
Property Taxes
13%
$854
Home Insurance
5%
$304
HOA
0%
$0
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$712