This property looks like a bad Mid-Term investment with a projected -10.57% first-year return on $193k initial cash invested.
-10.57%
Cash On Cash
4.36%
Cap Rate
0.67
DSCR
$5,840
Rent
-$1,698
Cashflow
Cash Flow
$5,840 income − $7,538 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$832k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$166k
Closing costs
1%
$8,322
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,840
Total Expenses
$7,538
Mortgage P&I
77%
$4,485
Property Taxes
13%
$766
Home Insurance
5%
$301
HOA
0%
$0
Property Management
12%
$701
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$642