This property looks like a bad Mid-Term investment with a projected -13.11% first-year return on $191k initial cash invested.
-13.11%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$4,296
Rent
-$2,089
Cashflow
Cash Flow
$4,296 income − $6,385 expenses = $2,089 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,296
Total Expenses
$6,385
Mortgage P&I
104%
$4,479
Property Taxes
4%
$155
Home Insurance
7%
$289
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473