This property looks like a bad Mid-Term investment with a projected -10.61% first-year return on $191k initial cash invested.
-10.61%
Cash On Cash
3.93%
Cap Rate
0.65
DSCR
$5,394
Rent
-$1,692
Cashflow
Cash Flow
$5,394 income − $7,086 expenses = $1,692 out of pocket
Investment Breakdown
|
Purchase Price
$826k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,259
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,394
Total Expenses
$7,086
Mortgage P&I
77%
$4,178
Property Taxes
14%
$776
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593