This property looks like a bad Mid-Term investment with a projected -10.59% first-year return on $198k initial cash invested.
-10.59%
Cash On Cash
4.06%
Cap Rate
0.65
DSCR
$5,361
Rent
-$1,744
Cashflow
Cash Flow
$5,361 income − $7,105 expenses = $1,744 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,554
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,361
Total Expenses
$7,105
Mortgage P&I
83%
$4,423
Property Taxes
10%
$554
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$643
CapEx
4%
$214
Vacancy
3%
$161
Maintenance
4%
$214
Other
11%
$590