This property looks like a bad Mid-Term investment with a projected -20.11% first-year return on $189k initial cash invested.
-20.11%
Cash On Cash
2.23%
Cap Rate
0.33
DSCR
$3,756
Rent
-$3,163
Cashflow
Cash Flow
$3,756 income − $6,919 expenses = $3,163 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,131
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,756
Total Expenses
$6,919
Mortgage P&I
120%
$4,521
Property Taxes
14%
$535
Home Insurance
8%
$295
HOA
8%
$291
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413