This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $194k initial cash invested.
-7.07%
Cash On Cash
4.79%
Cap Rate
0.79
DSCR
$6,124
Rent
-$1,146
Cashflow
Cash Flow
$6,124 income − $7,270 expenses = $1,146 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
6.5%
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
$6,124
Total Expenses
$7,270
Mortgage P&I
69%
$4,252
Property Taxes
10%
$608
Home Insurance
5%
$294
HOA
1%
$33
Property Management
12%
$735
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$674