This property looks like a bad Mid-Term investment with a projected -20.29% first-year return on $197k initial cash invested.
-20.29%
Cash On Cash
2.18%
Cap Rate
0.33
DSCR
$3,576
Rent
-$3,322
Cashflow
Cash Flow
$3,576 income − $6,898 expenses = $3,322 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,576
Total Expenses
$6,898
Mortgage P&I
132%
$4,721
Property Taxes
19%
$664
Home Insurance
8%
$298
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393