This property looks like a bad Mid-Term investment with a projected -14.68% first-year return on $196k initial cash invested.
-14.68%
Cash On Cash
3.25%
Cap Rate
0.51
DSCR
$4,898
Rent
-$2,403
Cashflow
Cash Flow
$4,898 income − $7,301 expenses = $2,403 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,898
Total Expenses
$7,301
Mortgage P&I
92%
$4,512
Property Taxes
17%
$817
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$588
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$539