This property looks like a bad Mid-Term investment with a projected -12.76% first-year return on $193k initial cash invested.
-12.76%
Cash On Cash
3.41%
Cap Rate
0.56
DSCR
$4,527
Rent
-$2,056
Cashflow
Cash Flow
$4,527 income − $6,583 expenses = $2,056 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,348
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,527
Total Expenses
$6,583
Mortgage P&I
94%
$4,248
Property Taxes
11%
$500
Home Insurance
7%
$296
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498