This property looks like a bad Mid-Term investment with a projected -11.12% first-year return on $189k initial cash invested.
-11.12%
Cash On Cash
4.19%
Cap Rate
0.65
DSCR
$5,100
Rent
-$1,753
Cashflow
Cash Flow
$5,100 income − $6,853 expenses = $1,753 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,150
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,100
Total Expenses
$6,853
Mortgage P&I
86%
$4,397
Property Taxes
9%
$437
Home Insurance
6%
$285
HOA
0%
$0
Property Management
12%
$612
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$561