This property looks like a bad Mid-Term investment with a projected -12.4% first-year return on $196k initial cash invested.
-12.4%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$5,376
Rent
-$2,029
Cashflow
Cash Flow
$5,376 income − $7,405 expenses = $2,029 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,376
Total Expenses
$7,405
Mortgage P&I
86%
$4,619
Property Taxes
12%
$662
Home Insurance
6%
$297
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$591