This property looks like a bad Mid-Term investment with a projected -10.44% first-year return on $193k initial cash invested.
-10.44%
Cash On Cash
3.9%
Cap Rate
0.65
DSCR
$5,054
Rent
-$1,677
Cashflow
Cash Flow
$5,054 income − $6,731 expenses = $1,677 out of pocket
Investment Breakdown
|
Purchase Price
$832k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$166k
Closing costs
1%
$8,322
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,054
Total Expenses
$6,731
Mortgage P&I
83%
$4,182
Property Taxes
11%
$534
Home Insurance
6%
$297
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556