This property looks like a bad Mid-Term investment with a projected -11.77% first-year return on $194k initial cash invested.
-11.77%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$5,721
Rent
-$1,902
Cashflow
Cash Flow
$5,721 income − $7,623 expenses = $1,902 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,379
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,721
Total Expenses
$7,623
Mortgage P&I
80%
$4,557
Property Taxes
14%
$826
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$629