This property looks like a bad Mid-Term investment with a projected -14.11% first-year return on $197k initial cash invested.
-14.11%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$5,148
Rent
-$2,314
Cashflow
Cash Flow
$5,148 income − $7,462 expenses = $2,314 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,513
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,148
Total Expenses
$7,462
Mortgage P&I
89%
$4,602
Property Taxes
16%
$839
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566