This property looks like a bad Mid-Term investment with a projected -15.13% first-year return on $197k initial cash invested.
-15.13%
Cash On Cash
2.94%
Cap Rate
0.47
DSCR
$4,410
Rent
-$2,480
Cashflow
Cash Flow
$4,410 income − $6,890 expenses = $2,480 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
$4,410
Total Expenses
$6,890
Mortgage P&I
100%
$4,388
Property Taxes
15%
$654
Home Insurance
8%
$350
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485