This property looks like a bad Mid-Term investment with a projected -13.04% first-year return on $197k initial cash invested.
-13.04%
Cash On Cash
3.69%
Cap Rate
0.58
DSCR
$5,376
Rent
-$2,140
Cashflow
Cash Flow
$5,376 income − $7,516 expenses = $2,140 out of pocket
Investment Breakdown
|
Purchase Price
$852k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,523
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,376
Total Expenses
$7,516
Mortgage P&I
85%
$4,545
Property Taxes
16%
$844
Home Insurance
6%
$300
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$591