This property looks like a bad Mid-Term investment with a projected -7.71% first-year return on $197k initial cash invested.
-7.71%
Cash On Cash
5%
Cap Rate
0.78
DSCR
$7,072
Rent
-$1,264
Cashflow
Cash Flow
$7,072 income − $8,336 expenses = $1,264 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%
$8,514
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,072
Total Expenses
$8,336
Mortgage P&I
64%
$4,532
Property Taxes
14%
$981
Home Insurance
6%
$418
HOA
0%
$0
Property Management
12%
$849
CapEx
4%
$283
Vacancy
3%
$212
Maintenance
4%
$283
Other
11%
$778