This property looks like a bad Mid-Term investment with a projected -12.96% first-year return on $187k initial cash invested.
-12.96%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$4,790
Rent
-$2,015
Cashflow
Cash Flow
$4,790 income − $6,805 expenses = $2,015 out of pocket
Investment Breakdown
|
Purchase Price
$803k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,025
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,790
Total Expenses
$6,805
Mortgage P&I
91%
$4,352
Property Taxes
11%
$534
Home Insurance
6%
$289
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527