This property looks like a bad Mid-Term investment with a projected -13.4% first-year return on $195k initial cash invested.
-13.4%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$5,284
Rent
-$2,177
Cashflow
Cash Flow
$5,284 income − $7,461 expenses = $2,177 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%
$8,424
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,284
Total Expenses
$7,461
Mortgage P&I
87%
$4,587
Property Taxes
15%
$802
Home Insurance
5%
$276
HOA
0%
$0
Property Management
12%
$634
CapEx
4%
$211
Vacancy
3%
$159
Maintenance
4%
$211
Other
11%
$581