This property looks like a bad Mid-Term investment with a projected -19.03% first-year return on $186k initial cash invested.
-19.03%
Cash On Cash
2.16%
Cap Rate
0.34
DSCR
$3,003
Rent
-$2,952
Cashflow
Cash Flow
$3,003 income − $5,955 expenses = $2,952 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,007
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,003
Total Expenses
$5,955
Mortgage P&I
142%
$4,273
Property Taxes
12%
$365
Home Insurance
10%
$297
HOA
0%
$0
Property Management
12%
$360
CapEx
4%
$120
Vacancy
3%
$90
Maintenance
4%
$120
Other
11%
$330