This property looks like a bad Mid-Term investment with a projected -14.69% first-year return on $197k initial cash invested.
-14.69%
Cash On Cash
2.93%
Cap Rate
0.48
DSCR
$3,810
Rent
-$2,405
Cashflow
Cash Flow
$3,810 income − $6,215 expenses = $2,405 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,810
Total Expenses
$6,215
Mortgage P&I
114%
$4,325
Property Taxes
8%
$298
Home Insurance
8%
$298
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419