This property looks like a bad Mid-Term investment with a projected -15.16% first-year return on $192k initial cash invested.
-15.16%
Cash On Cash
2.91%
Cap Rate
0.47
DSCR
$4,466
Rent
-$2,429
Cashflow
Cash Flow
$4,466 income − $6,895 expenses = $2,429 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,466
Total Expenses
$6,895
Mortgage P&I
95%
$4,264
Property Taxes
18%
$822
Home Insurance
6%
$290
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491