This property looks like a bad Mid-Term investment with a projected -18.17% first-year return on $198k initial cash invested.
-18.17%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$4,608
Rent
-$2,993
Cashflow
Cash Flow
$4,608 income − $7,601 expenses = $2,993 out of pocket
Investment Breakdown
|
Purchase Price
$856k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,558
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,608
Total Expenses
$7,601
Mortgage P&I
100%
$4,612
Property Taxes
19%
$887
Home Insurance
8%
$348
HOA
4%
$188
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507