This property looks like a bad Mid-Term investment with a projected -6.16% first-year return on $190k initial cash invested.
-6.16%
Cash On Cash
5.2%
Cap Rate
0.83
DSCR
$5,774
Rent
-$974
Cashflow
Cash Flow
$5,774 income − $6,748 expenses = $974 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,185
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,774
Total Expenses
$6,748
Mortgage P&I
74%
$4,287
Property Taxes
3%
$200
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$693
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$635