This property looks like a bad Mid-Term investment with a projected -14.8% first-year return on $191k initial cash invested.
-14.8%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$3,914
Rent
-$2,359
Cashflow
Cash Flow
$3,914 income − $6,273 expenses = $2,359 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,914
Total Expenses
$6,273
Mortgage P&I
115%
$4,502
Property Taxes
4%
$150
Home Insurance
7%
$289
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$117
Maintenance
4%
$157
Other
11%
$431