This property looks like a bad Mid-Term investment with a projected -22.56% first-year return on $190k initial cash invested.
-22.56%
Cash On Cash
1.59%
Cap Rate
0.24
DSCR
$4,402
Rent
-$3,578
Cashflow
Cash Flow
$4,402 income − $7,980 expenses = $3,578 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,204
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,402
Total Expenses
$7,980
Mortgage P&I
102%
$4,487
Property Taxes
26%
$1,128
Home Insurance
7%
$289
HOA
13%
$580
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484