This property looks like a bad Mid-Term investment with a projected -10.51% first-year return on $200k initial cash invested.
-10.51%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$6,164
Rent
-$1,755
Cashflow
Cash Flow
$6,164 income − $7,919 expenses = $1,755 out of pocket
Investment Breakdown
|
Purchase Price
$868k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$174k
Closing costs
1%
$8,681
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,164
Total Expenses
$7,919
Mortgage P&I
77%
$4,750
Property Taxes
12%
$768
Home Insurance
5%
$304
HOA
0%
$0
Property Management
12%
$740
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$678