This property looks like a bad Mid-Term investment with a projected -12.55% first-year return on $196k initial cash invested.
-12.55%
Cash On Cash
3.91%
Cap Rate
0.6
DSCR
$5,540
Rent
-$2,052
Cashflow
Cash Flow
$5,540 income − $7,592 expenses = $2,052 out of pocket
Investment Breakdown
|
Purchase Price
$848k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,483
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,540
Total Expenses
$7,592
Mortgage P&I
83%
$4,597
Property Taxes
15%
$810
Home Insurance
5%
$301
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$609