This property looks like a bad Mid-Term investment with a projected -16.2% first-year return on $190k initial cash invested.
-16.2%
Cash On Cash
2.44%
Cap Rate
0.41
DSCR
$3,393
Rent
-$2,559
Cashflow
Cash Flow
$3,393 income − $5,952 expenses = $2,559 out of pocket
Investment Breakdown
|
Purchase Price
$817k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$163k
Closing costs
1%
$8,169
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,393
Total Expenses
$5,952
Mortgage P&I
120%
$4,085
Property Taxes
10%
$345
Home Insurance
11%
$368
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373