This property looks like a bad Mid-Term investment with a projected -18.57% first-year return on $192k initial cash invested.
-18.57%
Cash On Cash
2.1%
Cap Rate
0.34
DSCR
$3,846
Rent
-$2,975
Cashflow
Cash Flow
$3,846 income − $6,821 expenses = $2,975 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,846
Total Expenses
$6,821
Mortgage P&I
111%
$4,270
Property Taxes
23%
$899
Home Insurance
8%
$290
HOA
1%
$54
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423