This property looks like a bad Mid-Term investment with a projected -5.72% first-year return on $195k initial cash invested.
-5.72%
Cash On Cash
5.67%
Cap Rate
0.86
DSCR
$6,891
Rent
-$928
Cashflow
Cash Flow
$6,891 income − $7,819 expenses = $928 out of pocket
Investment Breakdown
|
Purchase Price
$842k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$168k
Closing costs
1%
$8,421
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,891
Total Expenses
$7,819
Mortgage P&I
67%
$4,628
Property Taxes
9%
$588
Home Insurance
4%
$259
HOA
0%
$0
Property Management
12%
$827
CapEx
4%
$276
Vacancy
3%
$207
Maintenance
4%
$276
Other
11%
$758