This property looks like a bad Mid-Term investment with a projected -10.63% first-year return on $194k initial cash invested.
-10.63%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$5,902
Rent
-$1,722
Cashflow
Cash Flow
$5,902 income − $7,624 expenses = $1,722 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,400
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,902
Total Expenses
$7,624
Mortgage P&I
76%
$4,498
Property Taxes
14%
$826
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$708
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$649