This property looks like a bad Mid-Term investment with a projected -11.38% first-year return on $188k initial cash invested.
-11.38%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$5,426
Rent
-$1,780
Cashflow
Cash Flow
$5,426 income − $7,206 expenses = $1,780 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,081
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,426
Total Expenses
$7,206
Mortgage P&I
81%
$4,394
Property Taxes
10%
$527
Home Insurance
6%
$315
HOA
2%
$125
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597