This property looks like a bad Mid-Term investment with a projected -5.58% first-year return on $199k initial cash invested.
-5.58%
Cash On Cash
5.17%
Cap Rate
0.85
DSCR
$7,266
Rent
-$925
Cashflow
Cash Flow
$7,266 income − $8,191 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$862k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,618
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,266
Total Expenses
$8,191
Mortgage P&I
60%
$4,345
Property Taxes
15%
$1,077
Home Insurance
4%
$298
HOA
0%
$0
Property Management
12%
$872
CapEx
4%
$291
Vacancy
3%
$218
Maintenance
4%
$291
Other
11%
$799