This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $196k initial cash invested.
-4.03%
Cash On Cash
5.64%
Cap Rate
0.91
DSCR
$6,723
Rent
-$660
Cashflow
Cash Flow
$6,723 income − $7,383 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,723
Total Expenses
$7,383
Mortgage P&I
65%
$4,380
Property Taxes
6%
$419
Home Insurance
4%
$297
HOA
0%
$0
Property Management
12%
$807
CapEx
4%
$269
Vacancy
3%
$202
Maintenance
4%
$269
Other
11%
$740