This property looks like a bad Mid-Term investment with a projected -12.35% first-year return on $190k initial cash invested.
-12.35%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$5,078
Rent
-$1,954
Cashflow
Cash Flow
$5,078 income − $7,032 expenses = $1,954 out of pocket
Investment Breakdown
|
Purchase Price
$818k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,181
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,078
Total Expenses
$7,032
Mortgage P&I
87%
$4,441
Property Taxes
12%
$603
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559