This property looks like a bad Mid-Term investment with a projected -11.85% first-year return on $194k initial cash invested.
-11.85%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$5,620
Rent
-$1,915
Cashflow
Cash Flow
$5,620 income − $7,535 expenses = $1,915 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%
$8,376
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,620
Total Expenses
$7,535
Mortgage P&I
81%
$4,538
Property Taxes
14%
$788
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$674
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618