This property looks like a bad Mid-Term investment with a projected -15.45% first-year return on $197k initial cash invested.
-15.45%
Cash On Cash
3.39%
Cap Rate
0.5
DSCR
$4,414
Rent
-$2,534
Cashflow
Cash Flow
$4,414 income − $6,948 expenses = $2,534 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,513
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,414
Total Expenses
$6,948
Mortgage P&I
108%
$4,760
Property Taxes
6%
$266
Home Insurance
10%
$420
HOA
0%
$0
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$486