This property looks like a bad Mid-Term investment with a projected -18.05% first-year return on $197k initial cash invested.
-18.05%
Cash On Cash
2.44%
Cap Rate
0.38
DSCR
$4,276
Rent
-$2,958
Cashflow
Cash Flow
$4,276 income − $7,234 expenses = $2,958 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,506
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,276
Total Expenses
$7,234
Mortgage P&I
106%
$4,515
Property Taxes
22%
$934
Home Insurance
8%
$332
HOA
0%
$0
Property Management
12%
$513
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470