This property looks like a bad Mid-Term investment with a projected -9.03% first-year return on $192k initial cash invested.
-9.03%
Cash On Cash
4.68%
Cap Rate
0.73
DSCR
$5,878
Rent
-$1,445
Cashflow
Cash Flow
$5,878 income − $7,323 expenses = $1,445 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,290
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,878
Total Expenses
$7,323
Mortgage P&I
76%
$4,441
Property Taxes
10%
$594
Home Insurance
5%
$290
HOA
0%
$0
Property Management
12%
$705
CapEx
4%
$235
Vacancy
3%
$176
Maintenance
4%
$235
Other
11%
$647