This property looks like a bad Mid-Term investment with a projected -15.15% first-year return on $199k initial cash invested.
-15.15%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$4,960
Rent
-$2,508
Cashflow
Cash Flow
$4,960 income − $7,468 expenses = $2,508 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,600
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,960
Total Expenses
$7,468
Mortgage P&I
93%
$4,635
Property Taxes
17%
$846
Home Insurance
6%
$301
HOA
0%
$0
Property Management
12%
$595
CapEx
4%
$198
Vacancy
3%
$149
Maintenance
4%
$198
Other
11%
$546