This property looks like a bad Mid-Term investment with a projected -11.97% first-year return on $194k initial cash invested.
-11.97%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$5,457
Rent
-$1,933
Cashflow
Cash Flow
$5,457 income − $7,390 expenses = $1,933 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,370
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,457
Total Expenses
$7,390
Mortgage P&I
84%
$4,568
Property Taxes
12%
$673
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$600