This property looks like a bad Mid-Term investment with a projected -10.92% first-year return on $192k initial cash invested.
-10.92%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$4,968
Rent
-$1,745
Cashflow
Cash Flow
$4,968 income − $6,713 expenses = $1,745 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,278
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,968
Total Expenses
$6,713
Mortgage P&I
89%
$4,444
Property Taxes
6%
$282
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546