This property looks like a bad Mid-Term investment with a projected -14.35% first-year return on $193k initial cash invested.
-14.35%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$5,056
Rent
-$2,309
Cashflow
Cash Flow
$5,056 income − $7,365 expenses = $2,309 out of pocket
Investment Breakdown
|
Purchase Price
$834k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,337
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,056
Total Expenses
$7,365
Mortgage P&I
91%
$4,591
Property Taxes
14%
$719
Home Insurance
7%
$336
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556