This property looks like a bad Mid-Term investment with a projected -10.99% first-year return on $200k initial cash invested.
-10.99%
Cash On Cash
3.89%
Cap Rate
0.63
DSCR
$5,068
Rent
-$1,832
Cashflow
Cash Flow
$5,068 income − $6,900 expenses = $1,832 out of pocket
Investment Breakdown
|
Purchase Price
$867k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,668
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,068
Total Expenses
$6,900
Mortgage P&I
88%
$4,439
Property Taxes
8%
$423
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$608
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$557