This property looks like a bad Mid-Term investment with a projected -15.48% first-year return on $199k initial cash invested.
-15.48%
Cash On Cash
2.76%
Cap Rate
0.45
DSCR
$4,114
Rent
-$2,566
Cashflow
Cash Flow
$4,114 income − $6,680 expenses = $2,566 out of pocket
Investment Breakdown
|
Purchase Price
$861k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,613
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,114
Total Expenses
$6,680
Mortgage P&I
107%
$4,384
Property Taxes
14%
$582
Home Insurance
8%
$314
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$123
Maintenance
4%
$165
Other
11%
$453