This property looks like a bad Mid-Term investment with a projected -18.33% first-year return on $194k initial cash invested.
-18.33%
Cash On Cash
2.7%
Cap Rate
0.4
DSCR
$3,459
Rent
-$2,967
Cashflow
Cash Flow
$3,459 income − $6,426 expenses = $2,967 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,390
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,459
Total Expenses
$6,426
Mortgage P&I
136%
$4,717
Property Taxes
7%
$240
Home Insurance
9%
$294
HOA
0%
$0
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380