This property looks like a bad Mid-Term investment with a projected -16.09% first-year return on $192k initial cash invested.
-16.09%
Cash On Cash
2.89%
Cap Rate
0.45
DSCR
$4,527
Rent
-$2,578
Cashflow
Cash Flow
$4,527 income − $7,105 expenses = $2,578 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,527
Total Expenses
$7,105
Mortgage P&I
97%
$4,398
Property Taxes
19%
$870
Home Insurance
7%
$298
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498