This property looks like a bad Mid-Term investment with a projected -4.72% first-year return on $198k initial cash invested.
-4.72%
Cash On Cash
5.36%
Cap Rate
0.88
DSCR
$6,258
Rent
-$781
Cashflow
Cash Flow
$6,258 income − $7,039 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,258
Total Expenses
$7,039
Mortgage P&I
70%
$4,369
Property Taxes
4%
$242
Home Insurance
5%
$301
HOA
0%
$0
Property Management
12%
$751
CapEx
4%
$250
Vacancy
3%
$188
Maintenance
4%
$250
Other
11%
$688