This property looks like a bad Mid-Term investment with a projected -13.31% first-year return on $189k initial cash invested.
-13.31%
Cash On Cash
3.75%
Cap Rate
0.57
DSCR
$5,224
Rent
-$2,098
Cashflow
Cash Flow
$5,224 income − $7,322 expenses = $2,098 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,153
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,224
Total Expenses
$7,322
Mortgage P&I
85%
$4,438
Property Taxes
10%
$544
Home Insurance
5%
$280
HOA
5%
$283
Property Management
12%
$627
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$575