This property looks like a bad Mid-Term investment with a projected -4.82% first-year return on $190k initial cash invested.
-4.82%
Cash On Cash
5.68%
Cap Rate
0.9
DSCR
$8,138
Rent
-$763
Cashflow
Cash Flow
$8,138 income − $8,901 expenses = $763 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,185
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,138
Total Expenses
$8,901
Mortgage P&I
53%
$4,312
Property Taxes
7%
$568
Home Insurance
4%
$329
HOA
11%
$924
Property Management
12%
$977
CapEx
4%
$326
Vacancy
3%
$244
Maintenance
4%
$326
Other
11%
$895