This property looks like a bad Mid-Term investment with a projected -16.56% first-year return on $197k initial cash invested.
-16.56%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$3,940
Rent
-$2,711
Cashflow
Cash Flow
$3,940 income − $6,651 expenses = $2,711 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,940
Total Expenses
$6,651
Mortgage P&I
119%
$4,707
Property Taxes
8%
$306
Home Insurance
8%
$298
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433