This property looks like a bad Mid-Term investment with a projected -9.97% first-year return on $199k initial cash invested.
-9.97%
Cash On Cash
4.65%
Cap Rate
0.7
DSCR
$6,420
Rent
-$1,650
Cashflow
Cash Flow
$6,420 income − $8,070 expenses = $1,650 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,597
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,420
Total Expenses
$8,070
Mortgage P&I
74%
$4,721
Property Taxes
13%
$834
Home Insurance
5%
$332
HOA
0%
$0
Property Management
12%
$770
CapEx
4%
$257
Vacancy
3%
$193
Maintenance
4%
$257
Other
11%
$706