This property looks like a bad Mid-Term investment with a projected -14.24% first-year return on $191k initial cash invested.
-14.24%
Cash On Cash
3.34%
Cap Rate
0.53
DSCR
$5,220
Rent
-$2,269
Cashflow
Cash Flow
$5,220 income − $7,489 expenses = $2,269 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,220
Total Expenses
$7,489
Mortgage P&I
83%
$4,356
Property Taxes
20%
$1,069
Home Insurance
6%
$289
HOA
0%
$0
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$574