This property looks like a bad Mid-Term investment with a projected -9.16% first-year return on $191k initial cash invested.
-9.16%
Cash On Cash
4.61%
Cap Rate
0.72
DSCR
$6,309
Rent
-$1,454
Cashflow
Cash Flow
$6,309 income − $7,763 expenses = $1,454 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$164k
Closing costs
1%
$8,215
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,309
Total Expenses
$7,763
Mortgage P&I
69%
$4,361
Property Taxes
15%
$969
Home Insurance
5%
$289
HOA
0%
$0
Property Management
12%
$757
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$694