This property looks like a bad Mid-Term investment with a projected -16.72% first-year return on $191k initial cash invested.
-16.72%
Cash On Cash
2.65%
Cap Rate
0.42
DSCR
$3,435
Rent
-$2,665
Cashflow
Cash Flow
$3,435 income − $6,100 expenses = $2,665 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,435
Total Expenses
$6,100
Mortgage P&I
127%
$4,349
Property Taxes
9%
$295
Home Insurance
8%
$289
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378