This property looks like a bad Mid-Term investment with a projected -9.42% first-year return on $192k initial cash invested.
-9.42%
Cash On Cash
4.3%
Cap Rate
0.7
DSCR
$5,424
Rent
-$1,505
Cashflow
Cash Flow
$5,424 income − $6,929 expenses = $1,505 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,276
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,424
Total Expenses
$6,929
Mortgage P&I
78%
$4,253
Property Taxes
10%
$533
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597