This property looks like a bad Mid-Term investment with a projected -12.31% first-year return on $197k initial cash invested.
-12.31%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$5,439
Rent
-$2,015
Cashflow
Cash Flow
$5,439 income − $7,454 expenses = $2,015 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,439
Total Expenses
$7,454
Mortgage P&I
79%
$4,315
Property Taxes
18%
$991
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$598