This property looks like a bad Mid-Term investment with a projected -4.04% first-year return on $189k initial cash invested.
-4.04%
Cash On Cash
5.9%
Cap Rate
0.92
DSCR
$7,472
Rent
-$637
Cashflow
Cash Flow
$7,472 income − $8,109 expenses = $637 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,147
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,472
Total Expenses
$8,109
Mortgage P&I
58%
$4,347
Property Taxes
12%
$931
Home Insurance
4%
$290
HOA
0%
$0
Property Management
12%
$897
CapEx
4%
$299
Vacancy
3%
$224
Maintenance
4%
$299
Other
11%
$822