This property looks like a bad Mid-Term investment with a projected -17.33% first-year return on $194k initial cash invested.
-17.33%
Cash On Cash
2.29%
Cap Rate
0.37
DSCR
$2,904
Rent
-$2,804
Cashflow
Cash Flow
$2,904 income − $5,708 expenses = $2,804 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,389
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,904
Total Expenses
$5,708
Mortgage P&I
148%
$4,290
Property Taxes
4%
$117
Home Insurance
11%
$315
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319