This property looks like a bad Mid-Term investment with a projected -12.12% first-year return on $197k initial cash invested.
-12.12%
Cash On Cash
3.77%
Cap Rate
0.6
DSCR
$4,838
Rent
-$1,993
Cashflow
Cash Flow
$4,838 income − $6,831 expenses = $1,993 out of pocket
Investment Breakdown
|
Purchase Price
$854k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$171k
Closing costs
1%
$8,540
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,838
Total Expenses
$6,831
Mortgage P&I
93%
$4,484
Property Taxes
8%
$405
Home Insurance
6%
$296
HOA
0%
$0
Property Management
12%
$581
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$532