This property looks like a bad Mid-Term investment with a projected -22.24% first-year return on $198k initial cash invested.
-22.24%
Cash On Cash
1.71%
Cap Rate
0.26
DSCR
$3,759
Rent
-$3,673
Cashflow
Cash Flow
$3,759 income − $7,432 expenses = $3,673 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,580
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,759
Total Expenses
$7,432
Mortgage P&I
126%
$4,748
Property Taxes
23%
$865
Home Insurance
14%
$542
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413