This property looks like a bad Mid-Term investment with a projected -8.11% first-year return on $192k initial cash invested.
-8.11%
Cash On Cash
4.66%
Cap Rate
0.76
DSCR
$6,322
Rent
-$1,298
Cashflow
Cash Flow
$6,322 income − $7,620 expenses = $1,298 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,289
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,322
Total Expenses
$7,620
Mortgage P&I
67%
$4,267
Property Taxes
14%
$913
Home Insurance
5%
$290
HOA
0%
$0
Property Management
12%
$759
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$695