This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $194k initial cash invested.
-8.1%
Cash On Cash
4.89%
Cap Rate
0.77
DSCR
$6,742
Rent
-$1,312
Cashflow
Cash Flow
$6,742 income − $8,054 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,400
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,742
Total Expenses
$8,054
Mortgage P&I
66%
$4,466
Property Taxes
15%
$1,006
Home Insurance
4%
$289
HOA
0%
$0
Property Management
12%
$809
CapEx
4%
$270
Vacancy
3%
$202
Maintenance
4%
$270
Other
11%
$742