This property looks like a bad Mid-Term investment with a projected -13.35% first-year return on $190k initial cash invested.
-13.35%
Cash On Cash
3.28%
Cap Rate
0.54
DSCR
$4,989
Rent
-$2,112
Cashflow
Cash Flow
$4,989 income − $7,101 expenses = $2,112 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,185
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,989
Total Expenses
$7,101
Mortgage P&I
83%
$4,147
Property Taxes
19%
$959
Home Insurance
6%
$297
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549