This property looks like a bad Mid-Term investment with a projected -10.05% first-year return on $197k initial cash invested.
-10.05%
Cash On Cash
4.48%
Cap Rate
0.69
DSCR
$5,502
Rent
-$1,645
Cashflow
Cash Flow
$5,502 income − $7,147 expenses = $1,645 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,502
Total Expenses
$7,147
Mortgage P&I
84%
$4,601
Property Taxes
7%
$378
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$660
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$605