This property looks like a bad Mid-Term investment with a projected -19.37% first-year return on $200k initial cash invested.
-19.37%
Cash On Cash
2.11%
Cap Rate
0.33
DSCR
$2,968
Rent
-$3,236
Cashflow
Cash Flow
$2,968 income − $6,204 expenses = $3,236 out of pocket
Investment Breakdown
|
Purchase Price
$869k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$174k
Closing costs
1%
$8,690
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,968
Total Expenses
$6,204
Mortgage P&I
156%
$4,644
Property Taxes
8%
$247
Home Insurance
10%
$304
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326