This property looks like a bad Mid-Term investment with a projected -11.87% first-year return on $191k initial cash invested.
-11.87%
Cash On Cash
4.22%
Cap Rate
0.63
DSCR
$5,120
Rent
-$1,888
Cashflow
Cash Flow
$5,120 income − $7,008 expenses = $1,888 out of pocket
Investment Breakdown
|
Purchase Price
$823k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,232
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,120
Total Expenses
$7,008
Mortgage P&I
89%
$4,580
Property Taxes
5%
$267
Home Insurance
7%
$350
HOA
1%
$70
Property Management
12%
$614
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$563