This property looks like a bad Mid-Term investment with a projected -14.05% first-year return on $196k initial cash invested.
-14.05%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$4,474
Rent
-$2,300
Cashflow
Cash Flow
$4,474 income − $6,774 expenses = $2,300 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,474
Total Expenses
$6,774
Mortgage P&I
104%
$4,638
Property Taxes
2%
$77
Home Insurance
7%
$298
HOA
5%
$240
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$492