This property looks like a bad Mid-Term investment with a projected -16.4% first-year return on $200k initial cash invested.
-16.4%
Cash On Cash
2.87%
Cap Rate
0.45
DSCR
$4,558
Rent
-$2,737
Cashflow
Cash Flow
$4,558 income − $7,295 expenses = $2,737 out of pocket
Investment Breakdown
|
Purchase Price
$868k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,558
Total Expenses
$7,295
Mortgage P&I
102%
$4,629
Property Taxes
18%
$802
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$547
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501