This property looks like a bad Mid-Term investment with a projected -14.22% first-year return on $197k initial cash invested.
-14.22%
Cash On Cash
3.44%
Cap Rate
0.54
DSCR
$5,846
Rent
-$2,330
Cashflow
Cash Flow
$5,846 income − $8,176 expenses = $2,330 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%
$8,507
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,846
Total Expenses
$8,176
Mortgage P&I
78%
$4,537
Property Taxes
21%
$1,213
Home Insurance
5%
$312
HOA
2%
$126
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$643