This property looks like a bad Mid-Term investment with a projected -11% first-year return on $189k initial cash invested.
-11%
Cash On Cash
4.38%
Cap Rate
0.66
DSCR
$5,470
Rent
-$1,730
Cashflow
Cash Flow
$5,470 income − $7,200 expenses = $1,730 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,132
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,470
Total Expenses
$7,200
Mortgage P&I
82%
$4,477
Property Taxes
10%
$571
Home Insurance
5%
$292
HOA
0%
$0
Property Management
12%
$656
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602