This property looks like a bad Mid-Term investment with a projected -6.39% first-year return on $194k initial cash invested.
-6.39%
Cash On Cash
5.04%
Cap Rate
0.82
DSCR
$6,206
Rent
-$1,033
Cashflow
Cash Flow
$6,206 income − $7,239 expenses = $1,033 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,375
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,206
Total Expenses
$7,239
Mortgage P&I
69%
$4,303
Property Taxes
9%
$529
Home Insurance
5%
$297
HOA
0%
$0
Property Management
12%
$745
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$683