This property looks like a bad Mid-Term investment with a projected -10.12% first-year return on $191k initial cash invested.
-10.12%
Cash On Cash
4.43%
Cap Rate
0.69
DSCR
$6,054
Rent
-$1,607
Cashflow
Cash Flow
$6,054 income − $7,661 expenses = $1,607 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$164k
Closing costs
1%
$8,221
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,054
Total Expenses
$7,661
Mortgage P&I
73%
$4,402
Property Taxes
13%
$787
Home Insurance
5%
$280
HOA
2%
$134
Property Management
12%
$726
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666