This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $197k initial cash invested.
-6.23%
Cash On Cash
5.31%
Cap Rate
0.84
DSCR
$7,242
Rent
-$1,026
Cashflow
Cash Flow
$7,242 income − $8,268 expenses = $1,026 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$171k
Closing costs
1%
$8,546
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,242
Total Expenses
$8,268
Mortgage P&I
62%
$4,519
Property Taxes
8%
$575
Home Insurance
4%
$311
HOA
6%
$400
Property Management
12%
$869
CapEx
4%
$290
Vacancy
3%
$217
Maintenance
4%
$290
Other
11%
$797