This property looks like a bad Mid-Term investment with a projected -17.26% first-year return on $191k initial cash invested.
-17.26%
Cash On Cash
2.29%
Cap Rate
0.37
DSCR
$3,158
Rent
-$2,751
Cashflow
Cash Flow
$3,158 income − $5,909 expenses = $2,751 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,158
Total Expenses
$5,909
Mortgage P&I
133%
$4,196
Property Taxes
11%
$351
Home Insurance
9%
$289
HOA
0%
$0
Property Management
12%
$379
CapEx
4%
$126
Vacancy
3%
$95
Maintenance
4%
$126
Other
11%
$347