This property looks like a bad Mid-Term investment with a projected -4.31% first-year return on $194k initial cash invested.
-4.31%
Cash On Cash
5.8%
Cap Rate
0.91
DSCR
$7,510
Rent
-$695
Cashflow
Cash Flow
$7,510 income − $8,205 expenses = $695 out of pocket
Investment Breakdown
|
Purchase Price
$836k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,360
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,510
Total Expenses
$8,205
Mortgage P&I
59%
$4,434
Property Taxes
11%
$792
Home Insurance
4%
$310
HOA
2%
$117
Property Management
12%
$901
CapEx
4%
$300
Vacancy
3%
$225
Maintenance
4%
$300
Other
11%
$826