This property looks like a bad Mid-Term investment with a projected -16.4% first-year return on $193k initial cash invested.
-16.4%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$4,215
Rent
-$2,644
Cashflow
Cash Flow
$4,215 income − $6,859 expenses = $2,644 out of pocket
Investment Breakdown
|
Purchase Price
$836k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,356
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,215
Total Expenses
$6,859
Mortgage P&I
109%
$4,592
Property Taxes
13%
$536
Home Insurance
7%
$297
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$126
Maintenance
4%
$169
Other
11%
$464