This property looks like a bad Mid-Term investment with a projected -9.97% first-year return on $197k initial cash invested.
-9.97%
Cash On Cash
4.62%
Cap Rate
0.71
DSCR
$7,274
Rent
-$1,638
Cashflow
Cash Flow
$7,274 income − $8,912 expenses = $1,638 out of pocket
Investment Breakdown
|
Purchase Price
$853k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$171k
Closing costs
1%
$8,528
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,274
Total Expenses
$8,912
Mortgage P&I
64%
$4,629
Property Taxes
21%
$1,534
Home Insurance
4%
$276
HOA
0%
$0
Property Management
12%
$873
CapEx
4%
$291
Vacancy
3%
$218
Maintenance
4%
$291
Other
11%
$800