This property looks like a bad Mid-Term investment with a projected -9.57% first-year return on $192k initial cash invested.
-9.57%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$6,028
Rent
-$1,534
Cashflow
Cash Flow
$6,028 income − $7,562 expenses = $1,534 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,300
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,028
Total Expenses
$7,562
Mortgage P&I
73%
$4,407
Property Taxes
14%
$816
Home Insurance
5%
$290
HOA
0%
$0
Property Management
12%
$723
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$663