This property looks like a bad Mid-Term investment with a projected -10.6% first-year return on $194k initial cash invested.
-10.6%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$6,100
Rent
-$1,717
Cashflow
Cash Flow
$6,100 income − $7,817 expenses = $1,717 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,399
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,100
Total Expenses
$7,817
Mortgage P&I
76%
$4,623
Property Taxes
14%
$826
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$732
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$671