This property looks like a bad Mid-Term investment with a projected -19.32% first-year return on $196k initial cash invested.
-19.32%
Cash On Cash
2.04%
Cap Rate
0.32
DSCR
$2,744
Rent
-$3,164
Cashflow
Cash Flow
$2,744 income − $5,908 expenses = $3,164 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%
$8,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,744
Total Expenses
$5,908
Mortgage P&I
164%
$4,502
Property Taxes
6%
$175
Home Insurance
11%
$298
HOA
0%
$0
Property Management
12%
$329
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302