This property looks like a bad Mid-Term investment with a projected -17.59% first-year return on $188k initial cash invested.
-17.59%
Cash On Cash
3%
Cap Rate
0.44
DSCR
$3,855
Rent
-$2,754
Cashflow
Cash Flow
$3,855 income − $6,609 expenses = $2,754 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,090
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,855
Total Expenses
$6,609
Mortgage P&I
120%
$4,625
Property Taxes
9%
$357
Home Insurance
7%
$283
HOA
1%
$33
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424