This property looks like a bad Mid-Term investment with a projected -13.73% first-year return on $197k initial cash invested.
-13.73%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$5,386
Rent
-$2,248
Cashflow
Cash Flow
$5,386 income − $7,634 expenses = $2,248 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,386
Total Expenses
$7,634
Mortgage P&I
87%
$4,670
Property Taxes
16%
$836
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$162
Maintenance
4%
$215
Other
11%
$592