This property looks like a bad Mid-Term investment with a projected -20.73% first-year return on $200k initial cash invested.
-20.73%
Cash On Cash
1.69%
Cap Rate
0.27
DSCR
$2,298
Rent
-$3,454
Cashflow
Cash Flow
$2,298 income − $5,752 expenses = $3,454 out of pocket
Investment Breakdown
|
Purchase Price
$867k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,665
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,298
Total Expenses
$5,752
Mortgage P&I
199%
$4,583
Property Taxes
3%
$76
Home Insurance
14%
$311
HOA
0%
$0
Property Management
12%
$276
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$253