This property looks like a bad Mid-Term investment with a projected -18.61% first-year return on $199k initial cash invested.
-18.61%
Cash On Cash
2.35%
Cap Rate
0.37
DSCR
$4,050
Rent
-$3,087
Cashflow
Cash Flow
$4,050 income − $7,137 expenses = $3,087 out of pocket
Investment Breakdown
|
Purchase Price
$862k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,620
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,050
Total Expenses
$7,137
Mortgage P&I
114%
$4,616
Property Taxes
20%
$795
Home Insurance
8%
$315
HOA
1%
$33
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446