This property looks like a bad Mid-Term investment with a projected -7.24% first-year return on $197k initial cash invested.
-7.24%
Cash On Cash
4.87%
Cap Rate
0.79
DSCR
$6,212
Rent
-$1,190
Cashflow
Cash Flow
$6,212 income − $7,402 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$854k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$171k
Closing costs
1%
$8,536
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,212
Total Expenses
$7,402
Mortgage P&I
71%
$4,404
Property Taxes
9%
$548
Home Insurance
5%
$340
HOA
0%
$0
Property Management
12%
$745
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$683