This property looks like a bad Mid-Term investment with a projected -12.12% first-year return on $198k initial cash invested.
-12.12%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$5,724
Rent
-$2,002
Cashflow
Cash Flow
$5,724 income − $7,726 expenses = $2,002 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,584
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,724
Total Expenses
$7,726
Mortgage P&I
81%
$4,632
Property Taxes
15%
$846
Home Insurance
5%
$301
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630