This property looks like a bad Mid-Term investment with a projected -13.53% first-year return on $196k initial cash invested.
-13.53%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$4,200
Rent
-$2,213
Cashflow
Cash Flow
$4,200 income − $6,413 expenses = $2,213 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,200
Total Expenses
$6,413
Mortgage P&I
102%
$4,289
Property Taxes
10%
$399
Home Insurance
7%
$297
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462