This property looks like a bad Mid-Term investment with a projected -10.51% first-year return on $199k initial cash invested.
-10.51%
Cash On Cash
3.86%
Cap Rate
0.64
DSCR
$5,308
Rent
-$1,739
Cashflow
Cash Flow
$5,308 income − $7,047 expenses = $1,739 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,599
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,308
Total Expenses
$7,047
Mortgage P&I
81%
$4,291
Property Taxes
13%
$698
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$637
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$584