This property looks like a bad Mid-Term investment with a projected -14.38% first-year return on $195k initial cash invested.
-14.38%
Cash On Cash
3.27%
Cap Rate
0.51
DSCR
$4,245
Rent
-$2,337
Cashflow
Cash Flow
$4,245 income − $6,582 expenses = $2,337 out of pocket
Investment Breakdown
|
Purchase Price
$843k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$169k
Closing costs
1%
$8,427
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,245
Total Expenses
$6,582
Mortgage P&I
105%
$4,461
Property Taxes
9%
$365
Home Insurance
7%
$313
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467