This property looks like a bad Mid-Term investment with a projected -13% first-year return on $192k initial cash invested.
-13%
Cash On Cash
3.72%
Cap Rate
0.58
DSCR
$5,288
Rent
-$2,085
Cashflow
Cash Flow
$5,288 income − $7,373 expenses = $2,085 out of pocket
Investment Breakdown
|
Purchase Price
$831k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,309
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,288
Total Expenses
$7,373
Mortgage P&I
84%
$4,450
Property Taxes
15%
$817
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582