This property looks like a bad Mid-Term investment with a projected -14.89% first-year return on $196k initial cash invested.
-14.89%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$4,155
Rent
-$2,436
Cashflow
Cash Flow
$4,155 income − $6,591 expenses = $2,436 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,155
Total Expenses
$6,591
Mortgage P&I
110%
$4,580
Property Taxes
7%
$301
Home Insurance
7%
$297
HOA
0%
$0
Property Management
12%
$499
CapEx
4%
$166
Vacancy
3%
$125
Maintenance
4%
$166
Other
11%
$457