This property looks like a bad Mid-Term investment with a projected -13.32% first-year return on $186k initial cash invested.
-13.32%
Cash On Cash
3.19%
Cap Rate
0.53
DSCR
$3,948
Rent
-$2,062
Cashflow
Cash Flow
$3,948 income − $6,010 expenses = $2,062 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,948
Total Expenses
$6,010
Mortgage P&I
102%
$4,029
Property Taxes
9%
$338
Home Insurance
7%
$280
HOA
1%
$21
Property Management
12%
$474
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$434