This property looks like a bad Mid-Term investment with a projected -11.75% first-year return on $198k initial cash invested.
-11.75%
Cash On Cash
3.96%
Cap Rate
0.62
DSCR
$4,942
Rent
-$1,943
Cashflow
Cash Flow
$4,942 income − $6,885 expenses = $1,943 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,942
Total Expenses
$6,885
Mortgage P&I
93%
$4,583
Property Taxes
6%
$306
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544