This property looks like a bad Mid-Term investment with a projected -16.52% first-year return on $186k initial cash invested.
-16.52%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$3,735
Rent
-$2,558
Cashflow
Cash Flow
$3,735 income − $6,293 expenses = $2,558 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,735
Total Expenses
$6,293
Mortgage P&I
115%
$4,297
Property Taxes
12%
$447
Home Insurance
8%
$280
HOA
0%
$0
Property Management
12%
$448
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$411