This property looks like a bad Mid-Term investment with a projected -10.73% first-year return on $199k initial cash invested.
-10.73%
Cash On Cash
4.25%
Cap Rate
0.66
DSCR
$5,922
Rent
-$1,783
Cashflow
Cash Flow
$5,922 income − $7,705 expenses = $1,783 out of pocket
Investment Breakdown
|
Purchase Price
$864k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$173k
Closing costs
1%
$8,641
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,922
Total Expenses
$7,705
Mortgage P&I
78%
$4,606
Property Taxes
13%
$781
Home Insurance
5%
$304
HOA
0%
$0
Property Management
12%
$711
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$651