This property looks like a bad Mid-Term investment with a projected -14.01% first-year return on $188k initial cash invested.
-14.01%
Cash On Cash
3.71%
Cap Rate
0.56
DSCR
$4,894
Rent
-$2,199
Cashflow
Cash Flow
$4,894 income − $7,093 expenses = $2,199 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,112
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,894
Total Expenses
$7,093
Mortgage P&I
92%
$4,508
Property Taxes
12%
$605
Home Insurance
6%
$289
HOA
1%
$27
Property Management
12%
$587
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$538