This property looks like a bad Mid-Term investment with a projected -7.45% first-year return on $197k initial cash invested.
-7.45%
Cash On Cash
4.84%
Cap Rate
0.78
DSCR
$6,534
Rent
-$1,221
Cashflow
Cash Flow
$6,534 income − $7,755 expenses = $1,221 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,512
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,534
Total Expenses
$7,755
Mortgage P&I
67%
$4,392
Property Taxes
13%
$844
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$784
CapEx
4%
$261
Vacancy
3%
$196
Maintenance
4%
$261
Other
11%
$719