This property looks like a bad Mid-Term investment with a projected -8.31% first-year return on $197k initial cash invested.
-8.31%
Cash On Cash
4.49%
Cap Rate
0.73
DSCR
$5,288
Rent
-$1,361
Cashflow
Cash Flow
$5,288 income − $6,649 expenses = $1,361 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
$5,288
Total Expenses
$6,649
Mortgage P&I
82%
$4,331
Property Taxes
4%
$220
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582