This property looks like a bad Mid-Term investment with a projected -16.15% first-year return on $200k initial cash invested.
-16.15%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$4,764
Rent
-$2,694
Cashflow
Cash Flow
$4,764 income − $7,458 expenses = $2,694 out of pocket
Investment Breakdown
|
Purchase Price
$868k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$174k
Closing costs
1%
$8,676
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,764
Total Expenses
$7,458
Mortgage P&I
99%
$4,702
Property Taxes
17%
$820
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$572
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$524