This property looks like a bad Mid-Term investment with a projected -9.9% first-year return on $200k initial cash invested.
-9.9%
Cash On Cash
4.47%
Cap Rate
0.7
DSCR
$6,016
Rent
-$1,654
Cashflow
Cash Flow
$6,016 income − $7,670 expenses = $1,654 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
$6,016
Total Expenses
$7,670
Mortgage P&I
77%
$4,649
Property Taxes
11%
$671
Home Insurance
5%
$304
HOA
0%
$0
Property Management
12%
$722
CapEx
4%
$241
Vacancy
3%
$180
Maintenance
4%
$241
Other
11%
$662