This property looks like a bad Mid-Term investment with a projected -12.5% first-year return on $196k initial cash invested.
-12.5%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$5,744
Rent
-$2,045
Cashflow
Cash Flow
$5,744 income − $7,789 expenses = $2,045 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,491
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,744
Total Expenses
$7,789
Mortgage P&I
79%
$4,547
Property Taxes
14%
$792
Home Insurance
5%
$297
HOA
3%
$200
Property Management
12%
$689
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$632