This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $192k initial cash invested.
-7.07%
Cash On Cash
4.93%
Cap Rate
0.8
DSCR
$6,496
Rent
-$1,132
Cashflow
Cash Flow
$6,496 income − $7,628 expenses = $1,132 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,289
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,496
Total Expenses
$7,628
Mortgage P&I
66%
$4,277
Property Taxes
13%
$852
Home Insurance
4%
$289
HOA
0%
$0
Property Management
12%
$780
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$715