This property looks like a bad Mid-Term investment with a projected -15.33% first-year return on $196k initial cash invested.
-15.33%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$4,406
Rent
-$2,501
Cashflow
Cash Flow
$4,406 income − $6,907 expenses = $2,501 out of pocket
Investment Breakdown
|
Purchase Price
$847k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$169k
Closing costs
1%
$8,465
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,406
Total Expenses
$6,907
Mortgage P&I
104%
$4,582
Property Taxes
12%
$521
Home Insurance
7%
$306
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485