This property looks like a bad Mid-Term investment with a projected -8.93% first-year return on $200k initial cash invested.
-8.93%
Cash On Cash
4.32%
Cap Rate
0.71
DSCR
$5,776
Rent
-$1,490
Cashflow
Cash Flow
$5,776 income − $7,266 expenses = $1,490 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%
$8,679
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,776
Total Expenses
$7,266
Mortgage P&I
76%
$4,383
Property Taxes
7%
$430
Home Insurance
5%
$315
HOA
3%
$175
Property Management
12%
$693
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$635