This property looks like a bad Mid-Term investment with a projected -8.13% first-year return on $194k initial cash invested.
-8.13%
Cash On Cash
4.49%
Cap Rate
0.74
DSCR
$5,456
Rent
-$1,316
Cashflow
Cash Flow
$5,456 income − $6,772 expenses = $1,316 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,390
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,456
Total Expenses
$6,772
Mortgage P&I
78%
$4,238
Property Taxes
7%
$385
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$600