This property looks like a bad Mid-Term investment with a projected -8.81% first-year return on $194k initial cash invested.
-8.81%
Cash On Cash
4.62%
Cap Rate
0.73
DSCR
$6,177
Rent
-$1,428
Cashflow
Cash Flow
$6,177 income − $7,605 expenses = $1,428 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,403
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,177
Total Expenses
$7,605
Mortgage P&I
71%
$4,415
Property Taxes
13%
$793
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$741
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$679