This property looks like a bad Mid-Term investment with a projected -9.01% first-year return on $197k initial cash invested.
-9.01%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$6,252
Rent
-$1,475
Cashflow
Cash Flow
$6,252 income − $7,727 expenses = $1,475 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.1%
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
$6,252
Total Expenses
$7,727
Mortgage P&I
73%
$4,552
Property Taxes
12%
$751
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$750
CapEx
4%
$250
Vacancy
3%
$188
Maintenance
4%
$250
Other
11%
$688