This property looks like a bad Mid-Term investment with a projected -19.7% first-year return on $186k initial cash invested.
-19.7%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$3,555
Rent
-$3,050
Cashflow
Cash Flow
$3,555 income − $6,605 expenses = $3,050 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,555
Total Expenses
$6,605
Mortgage P&I
123%
$4,356
Property Taxes
21%
$760
Home Insurance
8%
$280
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391