This property looks like a bad Mid-Term investment with a projected -22.97% first-year return on $189k initial cash invested.
-22.97%
Cash On Cash
1.29%
Cap Rate
0.2
DSCR
$3,488
Rent
-$3,621
Cashflow
Cash Flow
$3,488 income − $7,109 expenses = $3,621 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,150
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,488
Total Expenses
$7,109
Mortgage P&I
125%
$4,357
Property Taxes
36%
$1,266
Home Insurance
8%
$285
HOA
0%
$13
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384