This property looks like a bad Mid-Term investment with a projected -9.09% first-year return on $197k initial cash invested.
-9.09%
Cash On Cash
4.52%
Cap Rate
0.72
DSCR
$6,406
Rent
-$1,491
Cashflow
Cash Flow
$6,406 income − $7,897 expenses = $1,491 out of pocket
Investment Breakdown
|
Purchase Price
$852k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,519
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,406
Total Expenses
$7,897
Mortgage P&I
69%
$4,442
Property Taxes
15%
$980
Home Insurance
5%
$297
HOA
0%
$0
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705