This property looks like a bad Mid-Term investment with a projected -11.78% first-year return on $197k initial cash invested.
-11.78%
Cash On Cash
4.43%
Cap Rate
0.65
DSCR
$5,950
Rent
-$1,930
Cashflow
Cash Flow
$5,950 income − $7,880 expenses = $1,930 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,507
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,950
Total Expenses
$7,880
Mortgage P&I
81%
$4,832
Property Taxes
12%
$723
Home Insurance
5%
$303
HOA
0%
$0
Property Management
12%
$714
CapEx
4%
$238
Vacancy
3%
$178
Maintenance
4%
$238
Other
11%
$654