This property looks like a bad Mid-Term investment with a projected -10.69% first-year return on $189k initial cash invested.
-10.69%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$6,000
Rent
-$1,680
Cashflow
Cash Flow
$6,000 income − $7,680 expenses = $1,680 out of pocket
Investment Breakdown
|
Purchase Price
$812k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$162k
Closing costs
1%
$8,121
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,000
Total Expenses
$7,680
Mortgage P&I
72%
$4,349
Property Taxes
15%
$876
Home Insurance
5%
$315
HOA
2%
$100
Property Management
12%
$720
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$660