This property looks like a bad Mid-Term investment with a projected -12.35% first-year return on $190k initial cash invested.
-12.35%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$5,691
Rent
-$1,959
Cashflow
Cash Flow
$5,691 income − $7,650 expenses = $1,959 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
7.1%
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
$5,691
Total Expenses
$7,650
Mortgage P&I
77%
$4,393
Property Taxes
14%
$804
Home Insurance
5%
$289
HOA
4%
$228
Property Management
12%
$683
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$626