This property looks like a bad Mid-Term investment with a projected -14.01% first-year return on $197k initial cash invested.
-14.01%
Cash On Cash
3.31%
Cap Rate
0.52
DSCR
$4,144
Rent
-$2,294
Cashflow
Cash Flow
$4,144 income − $6,438 expenses = $2,294 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,144
Total Expenses
$6,438
Mortgage P&I
108%
$4,471
Property Taxes
6%
$260
Home Insurance
7%
$298
HOA
0%
$0
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456