This property looks like a bad Mid-Term investment with a projected -23.36% first-year return on $191k initial cash invested.
-23.36%
Cash On Cash
0.91%
Cap Rate
0.15
DSCR
$2,187
Rent
-$3,723
Cashflow
Cash Flow
$2,187 income − $5,910 expenses = $3,723 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,187
Total Expenses
$5,910
Mortgage P&I
195%
$4,262
Property Taxes
28%
$616
Home Insurance
13%
$289
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$241