This property looks like a bad Mid-Term investment with a projected -12.08% first-year return on $193k initial cash invested.
-12.08%
Cash On Cash
3.91%
Cap Rate
0.61
DSCR
$4,881
Rent
-$1,946
Cashflow
Cash Flow
$4,881 income − $6,827 expenses = $1,946 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,347
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,881
Total Expenses
$6,827
Mortgage P&I
92%
$4,472
Property Taxes
7%
$328
Home Insurance
6%
$298
HOA
1%
$70
Property Management
12%
$586
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$537