This property looks like a bad Mid-Term investment with a projected -15.6% first-year return on $196k initial cash invested.
-15.6%
Cash On Cash
3.28%
Cap Rate
0.5
DSCR
$4,708
Rent
-$2,554
Cashflow
Cash Flow
$4,708 income − $7,262 expenses = $2,554 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,708
Total Expenses
$7,262
Mortgage P&I
100%
$4,688
Property Taxes
14%
$676
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518