This property looks like a bad Mid-Term investment with a projected -23.23% first-year return on $194k initial cash invested.
-23.23%
Cash On Cash
1.12%
Cap Rate
0.18
DSCR
$2,672
Rent
-$3,760
Cashflow
Cash Flow
$2,672 income − $6,432 expenses = $3,760 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,393
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,672
Total Expenses
$6,432
Mortgage P&I
166%
$4,436
Property Taxes
29%
$783
Home Insurance
11%
$304
HOA
0%
$0
Property Management
12%
$321
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$294