This property looks like a bad Mid-Term investment with a projected -8.95% first-year return on $191k initial cash invested.
-8.95%
Cash On Cash
4.44%
Cap Rate
0.72
DSCR
$5,906
Rent
-$1,427
Cashflow
Cash Flow
$5,906 income − $7,333 expenses = $1,427 out of pocket
Investment Breakdown
|
Purchase Price
$826k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,255
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,906
Total Expenses
$7,333
Mortgage P&I
72%
$4,246
Property Taxes
14%
$834
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$709
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$650