This property looks like a bad Mid-Term investment with a projected -22.93% first-year return on $193k initial cash invested.
-22.93%
Cash On Cash
1.28%
Cap Rate
0.2
DSCR
$2,650
Rent
-$3,694
Cashflow
Cash Flow
$2,650 income − $6,344 expenses = $3,694 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,350
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,650
Total Expenses
$6,344
Mortgage P&I
169%
$4,482
Property Taxes
25%
$668
Home Insurance
11%
$292
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292