This property looks like a bad Mid-Term investment with a projected -10.89% first-year return on $194k initial cash invested.
-10.89%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$6,122
Rent
-$1,758
Cashflow
Cash Flow
$6,122 income − $7,880 expenses = $1,758 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,371
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,122
Total Expenses
$7,880
Mortgage P&I
74%
$4,511
Property Taxes
13%
$826
Home Insurance
5%
$294
HOA
3%
$167
Property Management
12%
$735
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$673