This property looks like a bad Mid-Term investment with a projected -16.53% first-year return on $199k initial cash invested.
-16.53%
Cash On Cash
2.96%
Cap Rate
0.45
DSCR
$3,884
Rent
-$2,747
Cashflow
Cash Flow
$3,884 income − $6,631 expenses = $2,747 out of pocket
Investment Breakdown
|
Purchase Price
$864k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$173k
Closing costs
1%
$8,640
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,884
Total Expenses
$6,631
Mortgage P&I
122%
$4,725
Property Taxes
7%
$271
Home Insurance
8%
$315
HOA
0%
$0
Property Management
12%
$466
CapEx
4%
$155
Vacancy
3%
$117
Maintenance
4%
$155
Other
11%
$427