This property looks like a bad Mid-Term investment with a projected -11.17% first-year return on $194k initial cash invested.
-11.17%
Cash On Cash
4.04%
Cap Rate
0.64
DSCR
$5,634
Rent
-$1,808
Cashflow
Cash Flow
$5,634 income − $7,442 expenses = $1,808 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,390
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,634
Total Expenses
$7,442
Mortgage P&I
78%
$4,408
Property Taxes
15%
$825
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$676
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$620