This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $191k initial cash invested.
-8.25%
Cash On Cash
4.69%
Cap Rate
0.75
DSCR
$6,093
Rent
-$1,311
Cashflow
Cash Flow
$6,093 income − $7,404 expenses = $1,311 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$164k
Closing costs
1%
$8,222
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,093
Total Expenses
$7,404
Mortgage P&I
70%
$4,280
Property Taxes
13%
$816
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$731
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$670