This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $191k initial cash invested.
-7.62%
Cash On Cash
5.25%
Cap Rate
0.79
DSCR
$6,771
Rent
-$1,214
Cashflow
Cash Flow
$6,771 income − $7,985 expenses = $1,214 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,249
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,771
Total Expenses
$7,985
Mortgage P&I
67%
$4,550
Property Taxes
12%
$845
Home Insurance
4%
$287
HOA
0%
$0
Property Management
12%
$813
CapEx
4%
$271
Vacancy
3%
$203
Maintenance
4%
$271
Other
11%
$745