This property looks like a bad Mid-Term investment with a projected -11.63% first-year return on $195k initial cash invested.
-11.63%
Cash On Cash
4.19%
Cap Rate
0.64
DSCR
$6,477
Rent
-$1,890
Cashflow
Cash Flow
$6,477 income − $8,367 expenses = $1,890 out of pocket
Investment Breakdown
|
Purchase Price
$843k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$169k
Closing costs
1%
$8,429
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,477
Total Expenses
$8,367
Mortgage P&I
71%
$4,577
Property Taxes
20%
$1,295
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$712