This property looks like a bad Mid-Term investment with a projected -5.01% first-year return on $191k initial cash invested.
-5.01%
Cash On Cash
5.59%
Cap Rate
0.88
DSCR
$7,335
Rent
-$799
Cashflow
Cash Flow
$7,335 income − $8,134 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,248
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,335
Total Expenses
$8,134
Mortgage P&I
59%
$4,351
Property Taxes
15%
$1,080
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$880
CapEx
4%
$293
Vacancy
3%
$220
Maintenance
4%
$293
Other
11%
$807