This property looks like a bad Mid-Term investment with a projected -20.87% first-year return on $200k initial cash invested.
-20.87%
Cash On Cash
1.36%
Cap Rate
0.23
DSCR
$3,478
Rent
-$3,473
Cashflow
Cash Flow
$3,478 income − $6,951 expenses = $3,473 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,652
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,478
Total Expenses
$6,951
Mortgage P&I
124%
$4,312
Property Taxes
33%
$1,142
Home Insurance
9%
$315
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383