This property looks like a bad Mid-Term investment with a projected -12.02% first-year return on $200k initial cash invested.
-12.02%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$5,298
Rent
-$1,999
Cashflow
Cash Flow
$5,298 income − $7,297 expenses = $1,999 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,650
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,298
Total Expenses
$7,297
Mortgage P&I
89%
$4,696
Property Taxes
9%
$496
Home Insurance
6%
$303
HOA
0%
$0
Property Management
12%
$636
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$583