This property looks like a bad Mid-Term investment with a projected -5.63% first-year return on $193k initial cash invested.
-5.63%
Cash On Cash
5.17%
Cap Rate
0.85
DSCR
$6,616
Rent
-$907
Cashflow
Cash Flow
$6,616 income − $7,523 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,345
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,616
Total Expenses
$7,523
Mortgage P&I
64%
$4,235
Property Taxes
11%
$741
Home Insurance
4%
$297
HOA
0%
$0
Property Management
12%
$794
CapEx
4%
$265
Vacancy
3%
$198
Maintenance
4%
$265
Other
11%
$728