This property looks like a bad Mid-Term investment with a projected -4.96% first-year return on $195k initial cash invested.
-4.96%
Cash On Cash
5.52%
Cap Rate
0.88
DSCR
$6,987
Rent
-$805
Cashflow
Cash Flow
$6,987 income − $7,792 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$841k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$168k
Closing costs
1%
$8,408
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,987
Total Expenses
$7,792
Mortgage P&I
63%
$4,396
Property Taxes
10%
$723
Home Insurance
4%
$298
HOA
0%
$0
Property Management
12%
$838
CapEx
4%
$279
Vacancy
3%
$210
Maintenance
4%
$279
Other
11%
$769