This property looks like a bad Mid-Term investment with a projected -18.29% first-year return on $197k initial cash invested.
-18.29%
Cash On Cash
2.33%
Cap Rate
0.37
DSCR
$3,152
Rent
-$3,005
Cashflow
Cash Flow
$3,152 income − $6,157 expenses = $3,005 out of pocket
Investment Breakdown
|
Purchase Price
$853k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$171k
Closing costs
1%
$8,531
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,152
Total Expenses
$6,157
Mortgage P&I
144%
$4,534
Property Taxes
6%
$186
Home Insurance
10%
$315
HOA
2%
$50
Property Management
12%
$378
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347