This property looks like a bad Mid-Term investment with a projected -12.01% first-year return on $198k initial cash invested.
-12.01%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$5,733
Rent
-$1,977
Cashflow
Cash Flow
$5,733 income − $7,710 expenses = $1,977 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,553
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,733
Total Expenses
$7,710
Mortgage P&I
81%
$4,657
Property Taxes
14%
$803
Home Insurance
5%
$301
HOA
0%
$0
Property Management
12%
$688
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$631