This property looks like a bad Mid-Term investment with a projected -11.84% first-year return on $191k initial cash invested.
-11.84%
Cash On Cash
3.99%
Cap Rate
0.62
DSCR
$5,668
Rent
-$1,885
Cashflow
Cash Flow
$5,668 income − $7,553 expenses = $1,885 out of pocket
Investment Breakdown
|
Purchase Price
$824k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,244
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,668
Total Expenses
$7,553
Mortgage P&I
78%
$4,398
Property Taxes
14%
$808
Home Insurance
5%
$290
HOA
2%
$130
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$623