This property looks like a bad Mid-Term investment with a projected -16.75% first-year return on $190k initial cash invested.
-16.75%
Cash On Cash
2.41%
Cap Rate
0.4
DSCR
$3,596
Rent
-$2,655
Cashflow
Cash Flow
$3,596 income − $6,251 expenses = $2,655 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,202
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,596
Total Expenses
$6,251
Mortgage P&I
116%
$4,161
Property Taxes
13%
$468
Home Insurance
9%
$306
HOA
3%
$92
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396