This property looks like a bad Mid-Term investment with a projected -10.61% first-year return on $197k initial cash invested.
-10.61%
Cash On Cash
4.45%
Cap Rate
0.68
DSCR
$6,722
Rent
-$1,746
Cashflow
Cash Flow
$6,722 income − $8,468 expenses = $1,746 out of pocket
Investment Breakdown
|
Purchase Price
$854k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$171k
Closing costs
1%
$8,544
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,722
Total Expenses
$8,468
Mortgage P&I
69%
$4,643
Property Taxes
16%
$1,049
Home Insurance
5%
$348
HOA
2%
$142
Property Management
12%
$807
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$739