This property looks like a bad Mid-Term investment with a projected -19.11% first-year return on $194k initial cash invested.
-19.11%
Cash On Cash
2.11%
Cap Rate
0.33
DSCR
$3,591
Rent
-$3,082
Cashflow
Cash Flow
$3,591 income − $6,673 expenses = $3,082 out of pocket
Investment Breakdown
|
Purchase Price
$836k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,358
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,591
Total Expenses
$6,673
Mortgage P&I
123%
$4,410
Property Taxes
19%
$668
Home Insurance
9%
$310
HOA
2%
$63
Property Management
12%
$431
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$395