This property looks like a bad Mid-Term investment with a projected -8.5% first-year return on $198k initial cash invested.
-8.5%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$6,530
Rent
-$1,404
Cashflow
Cash Flow
$6,530 income − $7,934 expenses = $1,404 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,582
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,530
Total Expenses
$7,934
Mortgage P&I
72%
$4,716
Property Taxes
11%
$692
Home Insurance
5%
$306
HOA
0%
$0
Property Management
12%
$784
CapEx
4%
$261
Vacancy
3%
$196
Maintenance
4%
$261
Other
11%
$718