This property looks like a bad Mid-Term investment with a projected -12.52% first-year return on $190k initial cash invested.
-12.52%
Cash On Cash
3.54%
Cap Rate
0.57
DSCR
$4,782
Rent
-$1,982
Cashflow
Cash Flow
$4,782 income − $6,764 expenses = $1,982 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,189
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,782
Total Expenses
$6,764
Mortgage P&I
88%
$4,205
Property Taxes
13%
$620
Home Insurance
6%
$297
HOA
0%
$17
Property Management
12%
$574
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$526