This property looks like a bad Mid-Term investment with a projected -11.04% first-year return on $190k initial cash invested.
-11.04%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$5,892
Rent
-$1,748
Cashflow
Cash Flow
$5,892 income − $7,640 expenses = $1,748 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,190
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,892
Total Expenses
$7,640
Mortgage P&I
75%
$4,446
Property Taxes
15%
$900
Home Insurance
5%
$290
HOA
0%
$0
Property Management
12%
$707
CapEx
4%
$236
Vacancy
3%
$177
Maintenance
4%
$236
Other
11%
$648