This property looks like a bad Mid-Term investment with a projected -8.48% first-year return on $194k initial cash invested.
-8.48%
Cash On Cash
4.87%
Cap Rate
0.75
DSCR
$6,036
Rent
-$1,368
Cashflow
Cash Flow
$6,036 income − $7,404 expenses = $1,368 out of pocket
Investment Breakdown
|
Purchase Price
$836k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,358
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,036
Total Expenses
$7,404
Mortgage P&I
75%
$4,518
Property Taxes
4%
$229
Home Insurance
5%
$306
HOA
5%
$300
Property Management
12%
$724
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$664