This property looks like a bad Mid-Term investment with a projected -11.01% first-year return on $199k initial cash invested.
-11.01%
Cash On Cash
3.92%
Cap Rate
0.64
DSCR
$5,626
Rent
-$1,825
Cashflow
Cash Flow
$5,626 income − $7,451 expenses = $1,825 out of pocket
Investment Breakdown
|
Purchase Price
$861k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,614
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,626
Total Expenses
$7,451
Mortgage P&I
78%
$4,415
Property Taxes
15%
$817
Home Insurance
5%
$306
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$619