This property looks like a bad Mid-Term investment with a projected -12.26% first-year return on $198k initial cash invested.
-12.26%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$5,800
Rent
-$2,023
Cashflow
Cash Flow
$5,800 income − $7,823 expenses = $2,023 out of pocket
Investment Breakdown
|
Purchase Price
$857k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,570
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,800
Total Expenses
$7,823
Mortgage P&I
80%
$4,629
Property Taxes
15%
$893
Home Insurance
6%
$329
HOA
0%
$0
Property Management
12%
$696
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$638