This property looks like a bad Mid-Term investment with a projected -14.95% first-year return on $190k initial cash invested.
-14.95%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$3,891
Rent
-$2,364
Cashflow
Cash Flow
$3,891 income − $6,255 expenses = $2,364 out of pocket
Investment Breakdown
|
Purchase Price
$818k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,176
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,891
Total Expenses
$6,255
Mortgage P&I
112%
$4,374
Property Taxes
7%
$268
Home Insurance
7%
$289
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428