This property looks like a bad Mid-Term investment with a projected -14.97% first-year return on $188k initial cash invested.
-14.97%
Cash On Cash
2.84%
Cap Rate
0.46
DSCR
$3,486
Rent
-$2,341
Cashflow
Cash Flow
$3,486 income − $5,827 expenses = $2,341 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,077
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,486
Total Expenses
$5,827
Mortgage P&I
118%
$4,115
Property Taxes
7%
$250
Home Insurance
8%
$270
HOA
0%
$8
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$105
Maintenance
4%
$139
Other
11%
$383