This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $196k initial cash invested.
-7.85%
Cash On Cash
5.13%
Cap Rate
0.79
DSCR
$7,772
Rent
-$1,280
Cashflow
Cash Flow
$7,772 income − $9,052 expenses = $1,280 out of pocket
Investment Breakdown
|
Purchase Price
$846k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$169k
Closing costs
1%
$8,457
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,772
Total Expenses
$9,052
Mortgage P&I
59%
$4,584
Property Taxes
8%
$654
Home Insurance
4%
$312
HOA
11%
$859
Property Management
12%
$933
CapEx
4%
$311
Vacancy
3%
$233
Maintenance
4%
$311
Other
11%
$855