This property looks like a bad Mid-Term investment with a projected -14.76% first-year return on $200k initial cash invested.
-14.76%
Cash On Cash
2.81%
Cap Rate
0.47
DSCR
$3,930
Rent
-$2,456
Cashflow
Cash Flow
$3,930 income − $6,386 expenses = $2,456 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,650
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,930
Total Expenses
$6,386
Mortgage P&I
110%
$4,327
Property Taxes
11%
$420
Home Insurance
8%
$303
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$432