This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $196k initial cash invested.
-6.36%
Cash On Cash
4.89%
Cap Rate
0.81
DSCR
$5,972
Rent
-$1,039
Cashflow
Cash Flow
$5,972 income − $7,011 expenses = $1,039 out of pocket
Investment Breakdown
|
Purchase Price
$848k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,475
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,972
Total Expenses
$7,011
Mortgage P&I
71%
$4,252
Property Taxes
5%
$310
Home Insurance
7%
$418
HOA
0%
$0
Property Management
12%
$717
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$657