This property looks like a bad Mid-Term investment with a projected -13.41% first-year return on $196k initial cash invested.
-13.41%
Cash On Cash
3.6%
Cap Rate
0.56
DSCR
$5,296
Rent
-$2,193
Cashflow
Cash Flow
$5,296 income − $7,489 expenses = $2,193 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,296
Total Expenses
$7,489
Mortgage P&I
85%
$4,527
Property Taxes
16%
$821
Home Insurance
6%
$297
HOA
1%
$42
Property Management
12%
$636
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$583