This property looks like a bad Mid-Term investment with a projected -12.3% first-year return on $196k initial cash invested.
-12.3%
Cash On Cash
4.06%
Cap Rate
0.61
DSCR
$4,976
Rent
-$2,005
Cashflow
Cash Flow
$4,976 income − $6,981 expenses = $2,005 out of pocket
Investment Breakdown
|
Purchase Price
$845k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,976
Total Expenses
$6,981
Mortgage P&I
94%
$4,667
Property Taxes
7%
$328
Home Insurance
6%
$278
HOA
0%
$17
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547