This property looks like a bad Mid-Term investment with a projected -9.2% first-year return on $195k initial cash invested.
-9.2%
Cash On Cash
4.72%
Cap Rate
0.73
DSCR
$6,444
Rent
-$1,493
Cashflow
Cash Flow
$6,444 income − $7,937 expenses = $1,493 out of pocket
Investment Breakdown
|
Purchase Price
$842k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$168k
Closing costs
1%
$8,417
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,444
Total Expenses
$7,937
Mortgage P&I
71%
$4,547
Property Taxes
14%
$884
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$773
CapEx
4%
$258
Vacancy
3%
$193
Maintenance
4%
$258
Other
11%
$709