This property looks like a bad Mid-Term investment with a projected -20.7% first-year return on $193k initial cash invested.
-20.7%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$3,430
Rent
-$3,325
Cashflow
Cash Flow
$3,430 income − $6,755 expenses = $3,325 out of pocket
Investment Breakdown
|
Purchase Price
$832k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$166k
Closing costs
1%
$8,323
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,430
Total Expenses
$6,755
Mortgage P&I
132%
$4,519
Property Taxes
23%
$772
Home Insurance
9%
$298
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377