This property looks like a bad Mid-Term investment with a projected -10.62% first-year return on $189k initial cash invested.
-10.62%
Cash On Cash
3.91%
Cap Rate
0.64
DSCR
$5,301
Rent
-$1,669
Cashflow
Cash Flow
$5,301 income − $6,970 expenses = $1,669 out of pocket
Investment Breakdown
|
Purchase Price
$812k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$162k
Closing costs
1%
$8,121
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,301
Total Expenses
$6,970
Mortgage P&I
77%
$4,101
Property Taxes
15%
$775
Home Insurance
6%
$292
HOA
0%
$0
Property Management
12%
$636
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$583