This property looks like a bad Mid-Term investment with a projected -14.22% first-year return on $191k initial cash invested.
-14.22%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$4,238
Rent
-$2,261
Cashflow
Cash Flow
$4,238 income − $6,499 expenses = $2,261 out of pocket
Investment Breakdown
|
Purchase Price
$823k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,226
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,238
Total Expenses
$6,499
Mortgage P&I
106%
$4,496
Property Taxes
6%
$264
Home Insurance
7%
$297
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466