This property looks like a bad Mid-Term investment with a projected -13.84% first-year return on $191k initial cash invested.
-13.84%
Cash On Cash
3.85%
Cap Rate
0.57
DSCR
$5,240
Rent
-$2,198
Cashflow
Cash Flow
$5,240 income − $7,438 expenses = $2,198 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$164k
Closing costs
1%
$8,220
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,240
Total Expenses
$7,438
Mortgage P&I
88%
$4,626
Property Taxes
14%
$732
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$576