This property looks like a bad Mid-Term investment with a projected -11.16% first-year return on $197k initial cash invested.
-11.16%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$5,764
Rent
-$1,827
Cashflow
Cash Flow
$5,764 income − $7,591 expenses = $1,827 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,764
Total Expenses
$7,591
Mortgage P&I
79%
$4,581
Property Taxes
13%
$751
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$692
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$634