This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $189k initial cash invested.
-11.93%
Cash On Cash
3.62%
Cap Rate
0.6
DSCR
$5,464
Rent
-$1,877
Cashflow
Cash Flow
$5,464 income − $7,341 expenses = $1,877 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,131
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,464
Total Expenses
$7,341
Mortgage P&I
75%
$4,113
Property Taxes
15%
$812
Home Insurance
6%
$304
HOA
5%
$253
Property Management
12%
$656
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$601