This property looks like a bad Mid-Term investment with a projected -17.23% first-year return on $193k initial cash invested.
-17.23%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$3,765
Rent
-$2,771
Cashflow
Cash Flow
$3,765 income − $6,536 expenses = $2,771 out of pocket
Investment Breakdown
|
Purchase Price
$833k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,334
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,765
Total Expenses
$6,536
Mortgage P&I
119%
$4,479
Property Taxes
12%
$468
Home Insurance
8%
$308
HOA
0%
$0
Property Management
12%
$452
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$414