This property looks like a bad Mid-Term investment with a projected -12.43% first-year return on $191k initial cash invested.
-12.43%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$5,630
Rent
-$1,983
Cashflow
Cash Flow
$5,630 income − $7,613 expenses = $1,983 out of pocket
Investment Breakdown
|
Purchase Price
$826k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,261
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,630
Total Expenses
$7,613
Mortgage P&I
80%
$4,487
Property Taxes
15%
$864
Home Insurance
5%
$298
HOA
1%
$50
Property Management
12%
$676
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$619