This property looks like a bad Mid-Term investment with a projected -14.16% first-year return on $189k initial cash invested.
-14.16%
Cash On Cash
3.3%
Cap Rate
0.52
DSCR
$4,350
Rent
-$2,232
Cashflow
Cash Flow
$4,350 income − $6,582 expenses = $2,232 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,148
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,350
Total Expenses
$6,582
Mortgage P&I
99%
$4,299
Property Taxes
12%
$516
Home Insurance
7%
$289
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478