This property looks like a bad Mid-Term investment with a projected -9.88% first-year return on $190k initial cash invested.
-9.88%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$6,012
Rent
-$1,566
Cashflow
Cash Flow
$6,012 income − $7,578 expenses = $1,566 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,199
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,012
Total Expenses
$7,578
Mortgage P&I
74%
$4,443
Property Taxes
13%
$806
Home Insurance
5%
$287
HOA
0%
$0
Property Management
12%
$721
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$661