This property looks like a bad Mid-Term investment with a projected -9.96% first-year return on $191k initial cash invested.
-9.96%
Cash On Cash
4.2%
Cap Rate
0.68
DSCR
$5,565
Rent
-$1,588
Cashflow
Cash Flow
$5,565 income − $7,153 expenses = $1,588 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,565
Total Expenses
$7,153
Mortgage P&I
76%
$4,251
Property Taxes
13%
$720
Home Insurance
5%
$289
HOA
0%
$0
Property Management
12%
$668
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$612