This property looks like a bad Mid-Term investment with a projected -11.73% first-year return on $199k initial cash invested.
-11.73%
Cash On Cash
3.93%
Cap Rate
0.62
DSCR
$5,316
Rent
-$1,942
Cashflow
Cash Flow
$5,316 income − $7,258 expenses = $1,942 out of pocket
Investment Breakdown
|
Purchase Price
$861k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,606
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,316
Total Expenses
$7,258
Mortgage P&I
86%
$4,551
Property Taxes
11%
$568
Home Insurance
6%
$313
HOA
0%
$18
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$585