This property looks like a bad Mid-Term investment with a projected -25.23% first-year return on $196k initial cash invested.
-25.23%
Cash On Cash
0.94%
Cap Rate
0.14
DSCR
$2,220
Rent
-$4,130
Cashflow
Cash Flow
$2,220 income − $6,350 expenses = $4,130 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,498
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,220
Total Expenses
$6,350
Mortgage P&I
212%
$4,704
Property Taxes
27%
$594
Home Insurance
13%
$297
HOA
0%
$0
Property Management
12%
$266
CapEx
4%
$89
Vacancy
3%
$67
Maintenance
4%
$89
Other
11%
$244