This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $194k initial cash invested.
-4.18%
Cash On Cash
5.76%
Cap Rate
0.91
DSCR
$6,602
Rent
-$675
Cashflow
Cash Flow
$6,602 income − $7,277 expenses = $675 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,367
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,602
Total Expenses
$7,277
Mortgage P&I
67%
$4,430
Property Taxes
4%
$295
Home Insurance
5%
$308
HOA
0%
$0
Property Management
12%
$792
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$726