This property looks like a bad Mid-Term investment with a projected -15.22% first-year return on $190k initial cash invested.
-15.22%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$3,854
Rent
-$2,415
Cashflow
Cash Flow
$3,854 income − $6,269 expenses = $2,415 out of pocket
Investment Breakdown
|
Purchase Price
$821k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,210
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,854
Total Expenses
$6,269
Mortgage P&I
117%
$4,501
Property Taxes
4%
$160
Home Insurance
8%
$298
HOA
0%
$0
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424