This property looks like a bad Mid-Term investment with a projected -14.42% first-year return on $200k initial cash invested.
-14.42%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$5,240
Rent
-$2,405
Cashflow
Cash Flow
$5,240 income − $7,645 expenses = $2,405 out of pocket
Investment Breakdown
|
Purchase Price
$867k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,673
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,240
Total Expenses
$7,645
Mortgage P&I
89%
$4,680
Property Taxes
15%
$794
Home Insurance
6%
$312
HOA
1%
$77
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$576