This property looks like a bad Mid-Term investment with a projected -9.36% first-year return on $200k initial cash invested.
-9.36%
Cash On Cash
4.23%
Cap Rate
0.7
DSCR
$5,774
Rent
-$1,563
Cashflow
Cash Flow
$5,774 income − $7,337 expenses = $1,563 out of pocket
Investment Breakdown
|
Purchase Price
$868k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$174k
Closing costs
1%
$8,684
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,774
Total Expenses
$7,337
Mortgage P&I
76%
$4,391
Property Taxes
12%
$676
Home Insurance
5%
$307
HOA
0%
$0
Property Management
12%
$693
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$635