This property looks like a bad Mid-Term investment with a projected -6.02% first-year return on $197k initial cash invested.
-6.02%
Cash On Cash
5.48%
Cap Rate
0.85
DSCR
$7,101
Rent
-$985
Cashflow
Cash Flow
$7,101 income − $8,086 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.1%
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
$7,101
Total Expenses
$8,086
Mortgage P&I
65%
$4,581
Property Taxes
11%
$793
Home Insurance
4%
$298
HOA
0%
$0
Property Management
12%
$852
CapEx
4%
$284
Vacancy
3%
$213
Maintenance
4%
$284
Other
11%
$781