This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $193k initial cash invested.
-3.18%
Cash On Cash
6.25%
Cap Rate
0.96
DSCR
$7,720
Rent
-$510
Cashflow
Cash Flow
$7,720 income − $8,230 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$832k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$166k
Closing costs
1%
$8,315
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,720
Total Expenses
$8,230
Mortgage P&I
59%
$4,530
Property Taxes
10%
$778
Home Insurance
4%
$297
HOA
0%
$0
Property Management
12%
$926
CapEx
4%
$309
Vacancy
3%
$232
Maintenance
4%
$309
Other
11%
$849