This property looks like a bad Mid-Term investment with a projected -14.12% first-year return on $197k initial cash invested.
-14.12%
Cash On Cash
2.92%
Cap Rate
0.49
DSCR
$3,530
Rent
-$2,312
Cashflow
Cash Flow
$3,530 income − $5,842 expenses = $2,312 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,530
Total Expenses
$5,842
Mortgage P&I
120%
$4,242
Property Taxes
3%
$102
Home Insurance
8%
$298
HOA
0%
$0
Property Management
12%
$424
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388