This property looks like a bad Mid-Term investment with a projected -15.34% first-year return on $199k initial cash invested.
-15.34%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$4,546
Rent
-$2,544
Cashflow
Cash Flow
$4,546 income − $7,090 expenses = $2,544 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%
$8,619
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,546
Total Expenses
$7,090
Mortgage P&I
102%
$4,639
Property Taxes
12%
$537
Home Insurance
8%
$368
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500