This property looks like a bad Mid-Term investment with a projected -12.11% first-year return on $190k initial cash invested.
-12.11%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$5,526
Rent
-$1,919
Cashflow
Cash Flow
$5,526 income − $7,445 expenses = $1,919 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,199
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,526
Total Expenses
$7,445
Mortgage P&I
79%
$4,383
Property Taxes
15%
$806
Home Insurance
5%
$287
HOA
2%
$90
Property Management
12%
$663
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$608