This property looks like a bad Mid-Term investment with a projected -6.43% first-year return on $194k initial cash invested.
-6.43%
Cash On Cash
5.49%
Cap Rate
0.84
DSCR
$7,368
Rent
-$1,041
Cashflow
Cash Flow
$7,368 income − $8,409 expenses = $1,041 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,390
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,368
Total Expenses
$8,409
Mortgage P&I
62%
$4,581
Property Taxes
14%
$1,029
Home Insurance
4%
$294
HOA
0%
$0
Property Management
12%
$884
CapEx
4%
$295
Vacancy
3%
$221
Maintenance
4%
$295
Other
11%
$810