This property looks like a bad Mid-Term investment with a projected -8.79% first-year return on $197k initial cash invested.
-8.79%
Cash On Cash
4.36%
Cap Rate
0.72
DSCR
$5,342
Rent
-$1,440
Cashflow
Cash Flow
$5,342 income − $6,782 expenses = $1,440 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,342
Total Expenses
$6,782
Mortgage P&I
81%
$4,311
Property Taxes
7%
$356
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588