This property looks like a bad Mid-Term investment with a projected -11.77% first-year return on $190k initial cash invested.
-11.77%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$5,583
Rent
-$1,860
Cashflow
Cash Flow
$5,583 income − $7,443 expenses = $1,860 out of pocket
Investment Breakdown
|
Purchase Price
$818k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,583
Total Expenses
$7,443
Mortgage P&I
80%
$4,454
Property Taxes
15%
$812
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$670
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$614