This property looks like a bad Mid-Term investment with a projected -12.28% first-year return on $198k initial cash invested.
-12.28%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$4,863
Rent
-$2,031
Cashflow
Cash Flow
$4,863 income − $6,894 expenses = $2,031 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,863
Total Expenses
$6,894
Mortgage P&I
98%
$4,776
Property Taxes
3%
$162
Home Insurance
6%
$301
HOA
0%
$0
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$535