This property looks like a bad Mid-Term investment with a projected -21.6% first-year return on $186k initial cash invested.
-21.6%
Cash On Cash
2.07%
Cap Rate
0.3
DSCR
$3,645
Rent
-$3,350
Cashflow
Cash Flow
$3,645 income − $6,995 expenses = $3,350 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,005
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,645
Total Expenses
$6,995
Mortgage P&I
126%
$4,587
Property Taxes
24%
$882
Home Insurance
8%
$287
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401