This property looks like a bad Mid-Term investment with a projected -9.28% first-year return on $191k initial cash invested.
-9.28%
Cash On Cash
4.21%
Cap Rate
0.69
DSCR
$4,678
Rent
-$1,479
Cashflow
Cash Flow
$4,678 income − $6,157 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,249
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,678
Total Expenses
$6,157
Mortgage P&I
89%
$4,185
Property Taxes
2%
$93
Home Insurance
6%
$289
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515