This property looks like a bad Mid-Term investment with a projected -10.55% first-year return on $196k initial cash invested.
-10.55%
Cash On Cash
4.32%
Cap Rate
0.67
DSCR
$5,788
Rent
-$1,720
Cashflow
Cash Flow
$5,788 income − $7,508 expenses = $1,720 out of pocket
Investment Breakdown
|
Purchase Price
$846k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$169k
Closing costs
1%
$8,459
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,788
Total Expenses
$7,508
Mortgage P&I
78%
$4,534
Property Taxes
5%
$292
Home Insurance
6%
$345
HOA
6%
$367
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637