This property looks like a bad Mid-Term investment with a projected -13.17% first-year return on $190k initial cash invested.
-13.17%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$5,476
Rent
-$2,089
Cashflow
Cash Flow
$5,476 income − $7,565 expenses = $2,089 out of pocket
Investment Breakdown
|
Purchase Price
$821k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,207
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,476
Total Expenses
$7,565
Mortgage P&I
82%
$4,491
Property Taxes
15%
$804
Home Insurance
5%
$289
HOA
2%
$120
Property Management
12%
$657
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$602