This property looks like a bad Mid-Term investment with a projected -12.39% first-year return on $193k initial cash invested.
-12.39%
Cash On Cash
4.17%
Cap Rate
0.62
DSCR
$5,217
Rent
-$1,997
Cashflow
Cash Flow
$5,217 income − $7,214 expenses = $1,997 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,352
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,217
Total Expenses
$7,214
Mortgage P&I
90%
$4,687
Property Taxes
9%
$446
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$574