This property looks like a bad Mid-Term investment with a projected -11.92% first-year return on $196k initial cash invested.
-11.92%
Cash On Cash
3.56%
Cap Rate
0.59
DSCR
$4,304
Rent
-$1,952
Cashflow
Cash Flow
$4,304 income − $6,256 expenses = $1,952 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,304
Total Expenses
$6,256
Mortgage P&I
100%
$4,299
Property Taxes
4%
$184
Home Insurance
7%
$298
HOA
0%
$13
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473