This property looks like a bad Mid-Term investment with a projected -13.32% first-year return on $194k initial cash invested.
-13.32%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$5,403
Rent
-$2,158
Cashflow
Cash Flow
$5,403 income − $7,561 expenses = $2,158 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,402
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,403
Total Expenses
$7,561
Mortgage P&I
85%
$4,577
Property Taxes
16%
$854
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594