This property looks like a bad Mid-Term investment with a projected -7.65% first-year return on $193k initial cash invested.
-7.65%
Cash On Cash
5.01%
Cap Rate
0.78
DSCR
$6,500
Rent
-$1,232
Cashflow
Cash Flow
$6,500 income − $7,732 expenses = $1,232 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,350
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,500
Total Expenses
$7,732
Mortgage P&I
69%
$4,455
Property Taxes
12%
$775
Home Insurance
4%
$292
HOA
0%
$0
Property Management
12%
$780
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$715