This property looks like a bad Mid-Term investment with a projected -20.71% first-year return on $196k initial cash invested.
-20.71%
Cash On Cash
1.59%
Cap Rate
0.25
DSCR
$2,538
Rent
-$3,375
Cashflow
Cash Flow
$2,538 income − $5,913 expenses = $3,375 out of pocket
Investment Breakdown
|
Purchase Price
$845k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$169k
Closing costs
1%
$8,454
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,538
Total Expenses
$5,913
Mortgage P&I
173%
$4,393
Property Taxes
13%
$341
Home Insurance
12%
$315
HOA
0%
$0
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$279