This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $192k initial cash invested.
-4.9%
Cash On Cash
5.37%
Cap Rate
0.87
DSCR
$6,096
Rent
-$784
Cashflow
Cash Flow
$6,096 income − $6,880 expenses = $784 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,293
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,096
Total Expenses
$6,880
Mortgage P&I
70%
$4,253
Property Taxes
2%
$142
Home Insurance
5%
$306
HOA
2%
$105
Property Management
12%
$732
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$671