This property looks like a bad Mid-Term investment with a projected -14.79% first-year return on $194k initial cash invested.
-14.79%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$5,552
Rent
-$2,392
Cashflow
Cash Flow
$5,552 income − $7,944 expenses = $2,392 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,386
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,552
Total Expenses
$7,944
Mortgage P&I
84%
$4,637
Property Taxes
20%
$1,125
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$666
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$611