This property looks like a bad Mid-Term investment with a projected -13.69% first-year return on $193k initial cash invested.
-13.69%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$5,248
Rent
-$2,196
Cashflow
Cash Flow
$5,248 income − $7,444 expenses = $2,196 out of pocket
Investment Breakdown
|
Purchase Price
$831k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$166k
Closing costs
1%
$8,310
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,248
Total Expenses
$7,444
Mortgage P&I
87%
$4,565
Property Taxes
13%
$676
Home Insurance
6%
$299
HOA
2%
$120
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577