This property looks like a bad Mid-Term investment with a projected -13.55% first-year return on $192k initial cash invested.
-13.55%
Cash On Cash
3.31%
Cap Rate
0.53
DSCR
$4,290
Rent
-$2,168
Cashflow
Cash Flow
$4,290 income − $6,458 expenses = $2,168 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,285
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,290
Total Expenses
$6,458
Mortgage P&I
100%
$4,283
Property Taxes
10%
$417
Home Insurance
7%
$298
HOA
0%
$0
Property Management
12%
$515
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$472