This property looks like a bad Mid-Term investment with a projected -7.93% first-year return on $191k initial cash invested.
-7.93%
Cash On Cash
5.07%
Cap Rate
0.78
DSCR
$6,536
Rent
-$1,259
Cashflow
Cash Flow
$6,536 income − $7,795 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$164k
Closing costs
1%
$8,218
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,536
Total Expenses
$7,795
Mortgage P&I
68%
$4,470
Property Taxes
12%
$807
Home Insurance
5%
$297
HOA
0%
$0
Property Management
12%
$784
CapEx
4%
$261
Vacancy
3%
$196
Maintenance
4%
$261
Other
11%
$719