This property looks like a bad Mid-Term investment with a projected -13.43% first-year return on $194k initial cash invested.
-13.43%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$4,806
Rent
-$2,173
Cashflow
Cash Flow
$4,806 income − $6,979 expenses = $2,173 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,389
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,806
Total Expenses
$6,979
Mortgage P&I
94%
$4,521
Property Taxes
11%
$530
Home Insurance
6%
$294
HOA
0%
$0
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529