This property looks like a bad Mid-Term investment with a projected -11.56% first-year return on $188k initial cash invested.
-11.56%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$6,022
Rent
-$1,807
Cashflow
Cash Flow
$6,022 income − $7,829 expenses = $1,807 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,077
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,022
Total Expenses
$7,829
Mortgage P&I
73%
$4,366
Property Taxes
19%
$1,153
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$723
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$662