This property looks like a bad Mid-Term investment with a projected -13.38% first-year return on $190k initial cash invested.
-13.38%
Cash On Cash
3.25%
Cap Rate
0.53
DSCR
$4,654
Rent
-$2,117
Cashflow
Cash Flow
$4,654 income − $6,771 expenses = $2,117 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,187
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,654
Total Expenses
$6,771
Mortgage P&I
89%
$4,145
Property Taxes
12%
$554
Home Insurance
11%
$490
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512