This property looks like a bad Mid-Term investment with a projected -11.31% first-year return on $196k initial cash invested.
-11.31%
Cash On Cash
4.22%
Cap Rate
0.65
DSCR
$5,396
Rent
-$1,851
Cashflow
Cash Flow
$5,396 income − $7,247 expenses = $1,851 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,396
Total Expenses
$7,247
Mortgage P&I
86%
$4,627
Property Taxes
9%
$486
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594