This property looks like a bad Mid-Term investment with a projected -12.75% first-year return on $194k initial cash invested.
-12.75%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$5,289
Rent
-$2,060
Cashflow
Cash Flow
$5,289 income − $7,349 expenses = $2,060 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,377
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,289
Total Expenses
$7,349
Mortgage P&I
87%
$4,600
Property Taxes
12%
$660
Home Insurance
5%
$289
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582