This property looks like a bad Mid-Term investment with a projected -12.06% first-year return on $195k initial cash invested.
-12.06%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$5,622
Rent
-$1,965
Cashflow
Cash Flow
$5,622 income − $7,587 expenses = $1,965 out of pocket
Investment Breakdown
|
Purchase Price
$845k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$169k
Closing costs
1%
$8,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,622
Total Expenses
$7,587
Mortgage P&I
82%
$4,590
Property Taxes
14%
$789
Home Insurance
5%
$296
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618