This property looks like a bad Mid-Term investment with a projected -13.97% first-year return on $189k initial cash invested.
-13.97%
Cash On Cash
3.5%
Cap Rate
0.54
DSCR
$5,379
Rent
-$2,199
Cashflow
Cash Flow
$5,379 income − $7,578 expenses = $2,199 out of pocket
Investment Breakdown
|
Purchase Price
$814k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,137
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,379
Total Expenses
$7,578
Mortgage P&I
81%
$4,357
Property Taxes
16%
$884
Home Insurance
6%
$304
HOA
4%
$205
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$592