This property looks like a bad Mid-Term investment with a projected -17.7% first-year return on $193k initial cash invested.
-17.7%
Cash On Cash
2.5%
Cap Rate
0.39
DSCR
$4,398
Rent
-$2,853
Cashflow
Cash Flow
$4,398 income − $7,251 expenses = $2,853 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,351
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,398
Total Expenses
$7,251
Mortgage P&I
100%
$4,416
Property Taxes
24%
$1,041
Home Insurance
7%
$298
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484