This property looks like a bad Mid-Term investment with a projected -10.06% first-year return on $195k initial cash invested.
-10.06%
Cash On Cash
4.03%
Cap Rate
0.67
DSCR
$5,656
Rent
-$1,632
Cashflow
Cash Flow
$5,656 income − $7,288 expenses = $1,632 out of pocket
Investment Breakdown
|
Purchase Price
$841k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$168k
Closing costs
1%
$8,413
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,656
Total Expenses
$7,288
Mortgage P&I
75%
$4,231
Property Taxes
15%
$836
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622