This property looks like a bad Mid-Term investment with a projected -10.09% first-year return on $194k initial cash invested.
-10.09%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$6,855
Rent
-$1,634
Cashflow
Cash Flow
$6,855 income − $8,489 expenses = $1,634 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,400
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,855
Total Expenses
$8,489
Mortgage P&I
67%
$4,569
Property Taxes
19%
$1,295
Home Insurance
4%
$294
HOA
0%
$0
Property Management
12%
$823
CapEx
4%
$274
Vacancy
3%
$206
Maintenance
4%
$274
Other
11%
$754