This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $192k initial cash invested.
-6.24%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$7,192
Rent
-$998
Cashflow
Cash Flow
$7,192 income − $8,190 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,284
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,192
Total Expenses
$8,190
Mortgage P&I
64%
$4,626
Property Taxes
7%
$526
Home Insurance
4%
$301
HOA
4%
$291
Property Management
12%
$863
CapEx
4%
$288
Vacancy
3%
$216
Maintenance
4%
$288
Other
11%
$791