This property looks like a bad Mid-Term investment with a projected -11.45% first-year return on $196k initial cash invested.
-11.45%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$5,673
Rent
-$1,873
Cashflow
Cash Flow
$5,673 income − $7,546 expenses = $1,873 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,494
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,673
Total Expenses
$7,546
Mortgage P&I
80%
$4,510
Property Taxes
14%
$804
Home Insurance
5%
$289
HOA
0%
$14
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$624