This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $198k initial cash invested.
-8.89%
Cash On Cash
4.54%
Cap Rate
0.73
DSCR
$6,056
Rent
-$1,468
Cashflow
Cash Flow
$6,056 income − $7,524 expenses = $1,468 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,575
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,056
Total Expenses
$7,524
Mortgage P&I
74%
$4,469
Property Taxes
11%
$692
Home Insurance
5%
$304
HOA
0%
$0
Property Management
12%
$727
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666