This property looks like a bad Mid-Term investment with a projected -11.18% first-year return on $195k initial cash invested.
-11.18%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$6,596
Rent
-$1,818
Cashflow
Cash Flow
$6,596 income − $8,414 expenses = $1,818 out of pocket
Investment Breakdown
|
Purchase Price
$844k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$169k
Closing costs
1%
$8,438
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,596
Total Expenses
$8,414
Mortgage P&I
69%
$4,580
Property Taxes
19%
$1,247
Home Insurance
5%
$298
HOA
1%
$45
Property Management
12%
$792
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$726