This property looks like a bad Mid-Term investment with a projected -9.59% first-year return on $200k initial cash invested.
-9.59%
Cash On Cash
4.7%
Cap Rate
0.72
DSCR
$6,612
Rent
-$1,598
Cashflow
Cash Flow
$6,612 income − $8,210 expenses = $1,598 out of pocket
Investment Breakdown
|
Purchase Price
$866k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,663
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,612
Total Expenses
$8,210
Mortgage P&I
72%
$4,730
Property Taxes
14%
$954
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$793
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$727