This property looks like a bad Mid-Term investment with a projected -15.23% first-year return on $193k initial cash invested.
-15.23%
Cash On Cash
3.26%
Cap Rate
0.5
DSCR
$4,280
Rent
-$2,454
Cashflow
Cash Flow
$4,280 income − $6,734 expenses = $2,454 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,350
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,280
Total Expenses
$6,734
Mortgage P&I
106%
$4,551
Property Taxes
10%
$436
Home Insurance
7%
$292
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$471