This property looks like a bad Mid-Term investment with a projected -14.95% first-year return on $197k initial cash invested.
-14.95%
Cash On Cash
3.17%
Cap Rate
0.5
DSCR
$4,563
Rent
-$2,453
Cashflow
Cash Flow
$4,563 income − $7,016 expenses = $2,453 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%
$8,516
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,563
Total Expenses
$7,016
Mortgage P&I
99%
$4,520
Property Taxes
9%
$401
Home Insurance
7%
$308
HOA
5%
$234
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502