This property looks like a bad Mid-Term investment with a projected -11.74% first-year return on $189k initial cash invested.
-11.74%
Cash On Cash
3.68%
Cap Rate
0.6
DSCR
$5,226
Rent
-$1,853
Cashflow
Cash Flow
$5,226 income − $7,079 expenses = $1,853 out of pocket
Investment Breakdown
|
Purchase Price
$816k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,161
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,226
Total Expenses
$7,079
Mortgage P&I
79%
$4,146
Property Taxes
17%
$867
Home Insurance
6%
$289
HOA
0%
$0
Property Management
12%
$627
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$575