This property looks like a bad Mid-Term investment with a projected -9.59% first-year return on $192k initial cash invested.
-9.59%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$6,957
Rent
-$1,534
Cashflow
Cash Flow
$6,957 income − $8,491 expenses = $1,534 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,281
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,957
Total Expenses
$8,491
Mortgage P&I
65%
$4,519
Property Taxes
18%
$1,246
Home Insurance
5%
$332
HOA
0%
$29
Property Management
12%
$835
CapEx
4%
$278
Vacancy
3%
$209
Maintenance
4%
$278
Other
11%
$765