This property looks like a bad Mid-Term investment with a projected -16.2% first-year return on $190k initial cash invested.
-16.2%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$5,220
Rent
-$2,568
Cashflow
Cash Flow
$5,220 income − $7,788 expenses = $2,568 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,201
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,220
Total Expenses
$7,788
Mortgage P&I
86%
$4,506
Property Taxes
14%
$731
Home Insurance
6%
$287
HOA
9%
$489
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$574