This property looks like a bad Mid-Term investment with a projected -13.44% first-year return on $197k initial cash invested.
-13.44%
Cash On Cash
3.25%
Cap Rate
0.53
DSCR
$4,388
Rent
-$2,201
Cashflow
Cash Flow
$4,388 income − $6,589 expenses = $2,201 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,388
Total Expenses
$6,589
Mortgage P&I
99%
$4,327
Property Taxes
11%
$470
Home Insurance
7%
$298
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483