This property looks like a bad Mid-Term investment with a projected -12.49% first-year return on $190k initial cash invested.
-12.49%
Cash On Cash
3.77%
Cap Rate
0.59
DSCR
$5,090
Rent
-$1,978
Cashflow
Cash Flow
$5,090 income − $7,068 expenses = $1,978 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,190
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,090
Total Expenses
$7,068
Mortgage P&I
85%
$4,348
Property Taxes
14%
$713
Home Insurance
5%
$275
HOA
0%
$0
Property Management
12%
$611
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$560