This property looks like a bad Mid-Term investment with a projected -9.05% first-year return on $197k initial cash invested.
-9.05%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$6,530
Rent
-$1,484
Cashflow
Cash Flow
$6,530 income − $8,014 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$852k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,515
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,530
Total Expenses
$8,014
Mortgage P&I
71%
$4,662
Property Taxes
13%
$835
Home Insurance
5%
$297
HOA
0%
$0
Property Management
12%
$784
CapEx
4%
$261
Vacancy
3%
$196
Maintenance
4%
$261
Other
11%
$718