This property looks like a bad Mid-Term investment with a projected -11.36% first-year return on $190k initial cash invested.
-11.36%
Cash On Cash
3.71%
Cap Rate
0.61
DSCR
$5,146
Rent
-$1,803
Cashflow
Cash Flow
$5,146 income − $6,949 expenses = $1,803 out of pocket
Investment Breakdown
|
Purchase Price
$821k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,210
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,146
Total Expenses
$6,949
Mortgage P&I
80%
$4,132
Property Taxes
15%
$773
Home Insurance
6%
$294
HOA
0%
$0
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566