This property looks like a bad Mid-Term investment with a projected -12.87% first-year return on $194k initial cash invested.
-12.87%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$5,865
Rent
-$2,079
Cashflow
Cash Flow
$5,865 income − $7,944 expenses = $2,079 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,371
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,865
Total Expenses
$7,944
Mortgage P&I
76%
$4,462
Property Taxes
20%
$1,189
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$704
CapEx
4%
$235
Vacancy
3%
$176
Maintenance
4%
$235
Other
11%
$645