This property looks like a bad Mid-Term investment with a projected -17.47% first-year return on $187k initial cash invested.
-17.47%
Cash On Cash
2.22%
Cap Rate
0.37
DSCR
$3,406
Rent
-$2,721
Cashflow
Cash Flow
$3,406 income − $6,127 expenses = $2,721 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,043
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,406
Total Expenses
$6,127
Mortgage P&I
120%
$4,071
Property Taxes
18%
$600
Home Insurance
9%
$298
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375