This property looks like a bad Mid-Term investment with a projected -13.59% first-year return on $196k initial cash invested.
-13.59%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$5,211
Rent
-$2,225
Cashflow
Cash Flow
$5,211 income − $7,436 expenses = $2,225 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,211
Total Expenses
$7,436
Mortgage P&I
87%
$4,532
Property Taxes
16%
$836
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573