This property looks like a bad Mid-Term investment with a projected -10.35% first-year return on $194k initial cash invested.
-10.35%
Cash On Cash
4.48%
Cap Rate
0.68
DSCR
$5,678
Rent
-$1,673
Cashflow
Cash Flow
$5,678 income − $7,351 expenses = $1,673 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,380
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,678
Total Expenses
$7,351
Mortgage P&I
81%
$4,573
Property Taxes
10%
$551
Home Insurance
5%
$297
HOA
0%
$0
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$625