This property looks like a bad Mid-Term investment with a projected -12.64% first-year return on $197k initial cash invested.
-12.64%
Cash On Cash
3.95%
Cap Rate
0.6
DSCR
$5,673
Rent
-$2,070
Cashflow
Cash Flow
$5,673 income − $7,743 expenses = $2,070 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,673
Total Expenses
$7,743
Mortgage P&I
82%
$4,639
Property Taxes
15%
$877
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$624