This property looks like a bad Mid-Term investment with a projected -18.26% first-year return on $198k initial cash invested.
-18.26%
Cash On Cash
1.93%
Cap Rate
0.32
DSCR
$3,236
Rent
-$3,010
Cashflow
Cash Flow
$3,236 income − $6,246 expenses = $3,010 out of pocket
Investment Breakdown
|
Purchase Price
$856k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,560
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,236
Total Expenses
$6,246
Mortgage P&I
132%
$4,261
Property Taxes
9%
$275
Home Insurance
10%
$336
HOA
9%
$275
Property Management
12%
$388
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$356