This property looks like a bad Mid-Term investment with a projected -10.21% first-year return on $189k initial cash invested.
-10.21%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$5,506
Rent
-$1,606
Cashflow
Cash Flow
$5,506 income − $7,112 expenses = $1,606 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,128
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,506
Total Expenses
$7,112
Mortgage P&I
79%
$4,348
Property Taxes
11%
$605
Home Insurance
5%
$287
HOA
0%
$0
Property Management
12%
$661
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$606