This property looks like a bad Mid-Term investment with a projected -11.48% first-year return on $196k initial cash invested.
-11.48%
Cash On Cash
3.89%
Cap Rate
0.62
DSCR
$4,464
Rent
-$1,878
Cashflow
Cash Flow
$4,464 income − $6,342 expenses = $1,878 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,464
Total Expenses
$6,342
Mortgage P&I
100%
$4,450
Property Taxes
0%
$1
Home Insurance
7%
$297
HOA
2%
$75
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491