This property looks like a bad Mid-Term investment with a projected -7.17% first-year return on $191k initial cash invested.
-7.17%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$7,546
Rent
-$1,143
Cashflow
Cash Flow
$7,546 income − $8,689 expenses = $1,143 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,253
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,546
Total Expenses
$8,689
Mortgage P&I
61%
$4,565
Property Taxes
17%
$1,288
Home Insurance
4%
$270
HOA
0%
$0
Property Management
12%
$906
CapEx
4%
$302
Vacancy
3%
$226
Maintenance
4%
$302
Other
11%
$830