This property looks like a bad Mid-Term investment with a projected -14.76% first-year return on $194k initial cash invested.
-14.76%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$4,248
Rent
-$2,385
Cashflow
Cash Flow
$4,248 income − $6,633 expenses = $2,385 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,376
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,248
Total Expenses
$6,633
Mortgage P&I
108%
$4,605
Property Taxes
6%
$238
Home Insurance
7%
$308
HOA
1%
$38
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467