This property looks like a bad Mid-Term investment with a projected -12.96% first-year return on $194k initial cash invested.
-12.96%
Cash On Cash
3.77%
Cap Rate
0.58
DSCR
$5,336
Rent
-$2,091
Cashflow
Cash Flow
$5,336 income − $7,427 expenses = $2,091 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,365
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,336
Total Expenses
$7,427
Mortgage P&I
84%
$4,504
Property Taxes
15%
$807
Home Insurance
6%
$303
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587