This property looks like a bad Mid-Term investment with a projected -12.8% first-year return on $190k initial cash invested.
-12.8%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$5,726
Rent
-$2,023
Cashflow
Cash Flow
$5,726 income − $7,749 expenses = $2,023 out of pocket
Investment Breakdown
|
Purchase Price
$818k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,176
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,726
Total Expenses
$7,749
Mortgage P&I
77%
$4,416
Property Taxes
12%
$707
Home Insurance
5%
$280
HOA
7%
$399
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630