This property looks like a bad Mid-Term investment with a projected -12.33% first-year return on $199k initial cash invested.
-12.33%
Cash On Cash
3.88%
Cap Rate
0.6
DSCR
$5,574
Rent
-$2,047
Cashflow
Cash Flow
$5,574 income − $7,621 expenses = $2,047 out of pocket
Investment Breakdown
|
Purchase Price
$863k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$173k
Closing costs
1%
$8,628
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,574
Total Expenses
$7,621
Mortgage P&I
83%
$4,611
Property Taxes
15%
$809
Home Insurance
5%
$306
HOA
0%
$0
Property Management
12%
$669
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$613