This property looks like a bad Mid-Term investment with a projected -29.45% first-year return on $196k initial cash invested.
-29.45%
Cash On Cash
-0.59%
Cap Rate
-0.1
DSCR
$2,205
Rent
-$4,822
Cashflow
Cash Flow
$2,205 income − $7,027 expenses = $4,822 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,205
Total Expenses
$7,027
Mortgage P&I
196%
$4,313
Property Taxes
76%
$1,666
Home Insurance
14%
$298
HOA
0%
$0
Property Management
12%
$265
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$243