This property looks like a bad Mid-Term investment with a projected -10.23% first-year return on $196k initial cash invested.
-10.23%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$5,206
Rent
-$1,674
Cashflow
Cash Flow
$5,206 income − $6,880 expenses = $1,674 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,495
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,206
Total Expenses
$6,880
Mortgage P&I
87%
$4,509
Property Taxes
6%
$304
Home Insurance
6%
$297
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573