This property looks like a bad Mid-Term investment with a projected -14.75% first-year return on $197k initial cash invested.
-14.75%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$4,678
Rent
-$2,415
Cashflow
Cash Flow
$4,678 income − $7,093 expenses = $2,415 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,678
Total Expenses
$7,093
Mortgage P&I
100%
$4,658
Property Taxes
12%
$547
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515